Please help me with this assignment.

• In the discussion to this then the payroll tax referred to a type of tax that an employer deducts from an employee's salary and pays it to the government and however the employers having employees working in Nunavut have to pay payroll taxes and these employers calculate taxes based on the gross employment income of their employees. The amount of tax is then deducted from the employee's income.
• However this tax is applicable for all employees who earn their income by providing services in Nunavut and the tax rate is 2% of the gross employment income. The gross employment income includes allowances, taxable benefits, wages, and salaries. Therefore employees who generally work outside the provinces and do not earn more than $5,000 per year are exempted from paying. So, for the guides from other provinces, their income will be taxable if they earn more than $5,000 per year.
• Also the the tax which is being collected by the employers must be paid or remitted to the government of Nunavut. The reporting and remittance requirements depend on the annual remuneration. If the employer is seasonal then the remittances will be annual. If the annual earning is $200,000 or less the remittances will be annual. If the earnings are between $200,000 to $600,000, the remittances will be semi-annually.
• Therefore in the scenario of earnings being between $600,000 to $1,000,000, the earnings will be quarterly. For annual earnings higher than $1,000,000, the remittances will be monthly and the reporting period for annual remittances is each year ending December 31. For semi-annual, it is every six-month ending June 30 and December 31. For quarterly remittances, it is each three-month period ending, march 31, June 30, September 30 and December 31. For monthly remittances, the reporting period is each month ending the last day of the month.
• Finally all employers with employees working in Nunavut are required to collect taxes and remit to the department of finance with annual taxable remuneration and annual return. This annual return must contain the names of employees, their annual remuneration, their social insurance numbers, their taxable remuneration, and the amount of payroll tax paid. The annual return is required to be reported regardless of whether the employee is eligible for payroll tax or not.
• And in addition then an employee who generally works in other provinces earned $4,500 in Nunavut and $50,000 in other provinces. He will not be eligible for paying payroll tax as his annual income by providing services in Nunavut is less than $5,000. However, his employer is required to report his annual return to the government.

Step-by-step explanation

• In the explanation to the a payroll then it referred to the list of employees of some company that is entitled to receive payments as well as other work benefits and the amounts that each should receive and also along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company's records of payments that were previously made to employees, including salaries and wages,