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Maritime Industries is a fabrication business located in Toronto, Ontario. The following payroll information for the week ended August 21, 2020. All employees donate $20

Maritime Industries is a fabrication business located in Toronto, Ontario. The following payroll information for the week ended August 21, 2020. All employees donate $20 to the United Way and contributes $100 to RRSP weekly. All employees are paid weekly taxable telephone allowance $70 and nontaxable lunch allowance $ 100. The employees annual standard earnings are given below.

Garnett

$1,20,000

Kelly

$90,000

Molloy

75,000

Whiting,

$50,000

Tommy

$45,000

Complete the payroll register showing Gross Pay, Net pay, Total payroll liability

if they are paid

  1. Weekly 2. Biweekly 3 Semi Monthly 4. Monthly

Note: Use the payroll tables for all your calculations. (you need to prepare all four tables for all 4 periods)

Hint: 1. gross earnings total deductions = net pay.

  1. Total deductions = statutory deductions + voluntary deductions
  2. CPP is calculated on contributory earnings
  3. EI is calculated on insurable earnings
  4. Income tax is calculated on taxable earnings.

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