Question
PAYROLL Using the data provided, complete the payroll calculations table. Download the deductions table from Accounting Supplemental Material Page. Submit your reconciliation in Accounting Competency
PAYROLL Using the data provided, complete the payroll calculations table. Download the deductions table from Accounting Supplemental Material Page. Submit your reconciliation in Accounting Competency Note: Any hours over 44 per week is paid as overtime at a rate of 1.5 times the hourly rate. 1. Jim Brown is paid weekly at $21.15 per hour. He worked 37 hours this week. His federal tax code is 1 and his provincial tax code is 2. 2. George Bell is paid weekly at $27.80 per hour. He worked 43.5 hours this week; he usually works 40 hours per week. His federal tax code is 2 and his provincial tax code is 3. 3. Linda Gray is paid weekly at $28.70 per hour. She worked 36.5 hours this week. Her federal tax code is 2 and her provincial tax code is 1. 4. John Smith is paid weekly at $19.20 per hour. He worked 37.5 hours this week. His federal tax code is 3 and his provincial tax code is 1. 5. Sarah Lee is paid weekly at $20.50 per hour. She worked 40 hours this week plus .5 hours overtime. Her federal tax code is 1 and her provincial tax code is 2.
Use the format below: ( Canadian TAX)
TAX CODE | |||||||||||||
NAME | PAY RATE | FED | PROV | REG HOURS | O/T HRS | REG EARN | O/T EARN | GROSS EARN | FED TAX | PROV TAX | CPP | EIP | NET PAY |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
ANSWER Below is the completed payroll calculations table based on the provided in...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Document Format ( 2 attachments)
66430273bfb6e_953107.pdf
180 KBs PDF File
66430273bfb6e_953107.docx
120 KBs Word File
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started