Question
Mr. Mani started his new job in Burlington, Ontario on 1 st January 2021 with Mandys Inc. and gets his payment weekly. His annual salary
Mr. Mani started his new job in Burlington, Ontario on 1st January 2021 with Mandys Inc. and gets his payment weekly. His annual salary package is $78,000. Each week his gross salary is $1500.00. His Federal claim code is 1 and Provincial claim code is 1. How much is the total Employee withholdings taxes (CPP, EI & Income Tax) and employers contribution (CPP & EI) for 2021 that will be submitted to CRA by Mandys Inc. (Assume that Mr. Mani is the only employee of Mandys Inc. for calendar year 2021)
| A. | $24171.80 | |
| B. | $23815.98 | |
| C. | $27851.26 | |
| D. | $25796.00 |
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AS Accounting For AQA
Authors: David Cox,Michael Fardon
2nd Edition
1905777140, 978-1905777143
