PART 3: PAYROLL & SOFTWARE

3.1 Add New Employee to Payroll Software

You must prepare payroll for a new employee, Corwin Hart, who joined 2 weeks ago. Following best practice, you sent Corwin a TD1 to fill out and received the below completed TD1, which you will use to set him up in your QuickBooks Payroll.

Corwin gets paid a rate of $30 an hour. In the payroll period, Corwin worked for 35 hours.

The pay period is January 1, 2023, to January 15, 2023. The payroll date is the 30th of January.

Use Default Tax rates for Provincial and Federal Income Tax.

Your Company pays employees bi-monthly. Vacation pay of 4% is accrued onto the employee's payroll file.When the employee wants to take vacation, they can draw down from the saved Vacation hours.

REQUIRED: Prepare payroll for Corwin.

There are 2 options for QuickBooks Payroll - choose any 1.

You will have to add a new employee in the Employee Center, and add the details provided + information from the TD1.

1) Use QuickBooks Online to add the Employee payroll information, process Payroll and submit or pdf pay cheque for Corwin.

2) Use the CRA online Payroll Calculation PDOC:Payroll Deductions Online Calculator - Canada.ca. Copy the PDOC calculation page and Paste into the Capstone Document.