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Name o the hours 80 16.50 70 65 Spieth Company employees had the following earnings records at the close of the November 30 Weekly payroll
Name o the hours 80 16.50 70 65 Spieth Company employees had the following earnings records at the close of the November 30 Weekly payroll period. Weekly Hourly Employee Rate Scott Quageber 18.50 Flint 20.00 Okonkwo 85 22.50 Linea 90 25.00 Spieth Company's payroll taxes expense for each employee include: 5.25% CPP on the annual pensionable earnings. ( with the first $3,500 exempt), and 1.4 times the employees El rate of 1.58%. As well, 15% federal and 5.05% provincial income taxes will be deducted from the employees' gross pay. Calculate the following for each worker. 1. Determine the amount of Gross Earnings 2. Determine the amount of Pensionable Earnings 3 Determine the amount of contributory Earnings 4. Determine the amount of insurable Earnings s. Determine the amount of Taxable Earnings 6. Determine Employee CPP deduction 7. Determine Employee El deduction 8. Determine Federal tax deduction 9 Determine Provincial tax deduction 10. Determine Total tax Deductions 1. Total employee deductions 12. Employer CPP contribution 13. Employer El contribution 14. Employer total Benefit expense 15. Employer payroll liability 16. Net Pay
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