Question
Q1- Fleetway Transport is an Accelerated threshold 1 remitter. The statutory deductions withheld from the three bi-weekly payrolls in June are as follows: On the
Q1- Fleetway Transport is an Accelerated threshold 1 remitter. The statutory deductions withheld from the three bi-weekly payrolls in June are as follows: On the June 1 pay, the employees Canada Pension Plan contributions were $3,658.20, their Employment Insurance premiums were $1,295.40, their federal income tax withholding was $13,157.33 and their provincial income tax (non-Qubec) withholding was $6,054.65. On the June 15 pay, the employees Canada Pension Plan contributions were $4,558.20, their Employment Insurance premiums were $2,275.40, their federal income tax withholding was $14,157.33 and their provincial income tax (non-Qubec) withholding was $7,854.65. On the June 29 pay, the employees Canada Pension Plan contributions were $3,558.20, their Employment Insurance premiums were $1,275.40, their federal income tax withholding was $12,157.33 and their provincial income tax (non-Qubec) withholding was $6,854.65. The employer has a reduced Employment Insurance premium rate of 1.269. Calculate the total amount to be remitted to the Canada Revenue Agency on July 10.
Q2- Ava participates in a defined contribution pension plan in which her employer matches her contribution of 3.75% of her annual earnings of $41,000.00. Calculate Ava's pension adjustment
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