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Murray Klyn is paid $940 for a 40-hour workweek and time and a half for hours worked above 40. Klyn's employer, Jones Ski Corp., pays
Murray Klyn is paid $940 for a 40-hour workweek and time and a half for hours worked above 40. Klyn's employer, Jones Ski Corp., pays all the standard payroll expenses plus benefits for the employee pensions (7 percent of gross pay), BC
health insurance ($16 per employee per week), and disability insurance ($2 per employee per week). Assume February has four pay periods. Compute Jones Ski Corp.'s total expense of employing Murray Klyn for the 50 hours that he worked
during the first week of February. Use a 4.95% CPP rate and 1.66% El rate. Ignore the CPP exemption. Show amounts to the nearest cent.
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