Question
Q1- The following amounts were withheld from employees' pay cheques during the current statutory deduction remittance period: Qubec Pension Plan contributions of $2,700.00, Employment Insurance
Q1- The following amounts were withheld from employees' pay cheques during the current statutory deduction remittance period: Qubec Pension Plan contributions of $2,700.00, Employment Insurance premiums of $835.00, Qubec Parental Insurance Plan premiums of $205.00, federal income tax of $8,725.00 and Qubec provincial income tax of $7,800.00. This employer does not qualify for a reduced Employment Insurance rate. Calculate the total amount that must be remitted to the Canada Revenue Agency for the current remittance period.
Q2- An employer in Qubec has deducted a total of $3,462.00 from the current payroll for Employment Insurance premiums. Calculate the total Employment Insurance premium remittance owing to the Canada Revenue Agency on this payroll, assuming they do not have a reduced rate.
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