Question
Note the following payroll information for an employee; Salaried Earnings: $68,040 (per annum, paid monthly) Income Taxes: 22% (blended annual rate) Monthly Garnishment: $75 (loan
Note the following payroll information for an employee;
Salaried Earnings: $68,040 (per annum, paid monthly)
Income Taxes: 22% (blended annual rate)
Monthly Garnishment: $75 (loan to a third party)
RPP (EE/ER, equal matching): 2% (based on salary)
Monthly Parking: $40 (paid by employee)
Non-Cash Taxable Benefit: $1,800 (per annum, paid by employer)
Required:
Using the excel template/forms attached to the SLATE drobox;
a) Complete the monthly earnings record for the year.
b) Populate the T4.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
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