Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Neema has been with Majic for 3 years and answers calls specifically from clients. She earns $18.25 per hour and works 35 hours per week.

Neema has been with Majic for 3 years and answers calls specifically from clients. She earns $18.25 per hour and works 35 hours per week. Her employer provides the following: Health and Dental at a total cost of $469.00 per month, 50% is paid by the employer and 50% is paid for by Neema Group Term life $50,000.00 at a cost of $0.45 per month per $1000 of coverage paid for by the employer She does not receive AD&D She has the following deductions: Federal and Provincial taxes she is claiming basic tax (Claim code 1) plus an additional $5.00 per pay Calculate the following for Neema: Pay Period 3 Answer Mark Gross Pay /1 Gross taxable income /1 CPP contributions /1 EI premiums /1 Federal and Provincial taxes /1 Health and Dental Cost /1 Group term life insurance /1 Net pay /1 Employer health tax /1 Total Marks /9 Pay Period 4 Answer Mark Gross Pay /1 Gross taxable income /1 CPP contributions /1 EI premiums /1 Federal and Provincial taxes /1 Health and Dental Cost /1 Group term life insurance /1 Net pay /1 Employer health tax /1 Total Marks /9

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Cases An Active Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

2nd Edition

0130674842, 978-0130674845

Students also viewed these Finance questions