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Please provided step by step solution to help understand, O'Riley Company's payroll costs and fringe benefit expenses include the normal CPP and El contributions, retirement
Please provided step by step solution to help understand,
O'Riley Company's payroll costs and fringe benefit expenses include the normal CPP and El contributions, retirement fund contributions of 10% of total earnings, and health insurance premiums of $128 per employee per month. Doherty Fane Kahan Martin Leung Total $ 52,800 55,700 59,500 44,000 69,500 $281,500 1. Given the above list of employees' projected 2018 annual salaries, calculate the employer's contribution of CPP, EI, Retirement Fund, and Health Insurance made by O'Riley Company. (Round the final answers to 2 decimal places.) Click here to view the CPP Tables for 2018. Click here to view the El Tables for 2018. CPP Contribution El Contribution Retirement Fund Contributions Health Insurance Doherty Fane Kahan Martin Leung Totals $ 0.00 $ 0.00 $ 0.00 $ 0.00 2. Payroll costs and fringe benefits are what percentage of salaries? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Percentage of salaries % O'Riley Company's payroll costs and fringe benefit expenses include the normal CPP and El contributions, retirement fund contributions of 10% of total earnings, and health insurance premiums of $128 per employee per month. Doherty Fane Kahan Martin Leung Total $ 52,800 55,700 59,500 44,000 69,500 $281,500 1. Given the above list of employees' projected 2018 annual salaries, calculate the employer's contribution of CPP, EI, Retirement Fund, and Health Insurance made by O'Riley Company. (Round the final answers to 2 decimal places.) Click here to view the CPP Tables for 2018. Click here to view the El Tables for 2018. CPP Contribution El Contribution Retirement Fund Contributions Health Insurance Doherty Fane Kahan Martin Leung Totals $ 0.00 $ 0.00 $ 0.00 $ 0.00 2. Payroll costs and fringe benefits are what percentage of salaries? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Percentage of salaries %Step by Step Solution
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