Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 24 Naty od Marted out of Genix, a private sector organization located in Alberta pays members of their board of directors $9,000.00 on a

image text in transcribed
image text in transcribed
Question 24 Naty od Marted out of Genix, a private sector organization located in Alberta pays members of their board of directors $9,000.00 on a quarterly basis The directors are not employees of the company; all have claimed the basic amount, claim code 1, on their TD1 federal and provincial forms Use this information to answer questions 24-28. Use 2019 rates. What is the CPP contribution amount? F Flag Question Answer: Question 25 Not yet answered What is the El premium amount? Marked out of 1.00 Answer: PG question Determine the federal income tax for this payment (59000). Question 26 Not yet answered Marked out of 250 Answer: Determine the federal income tax for this payment ($9000). Question 26 Not yet answered Marked out of 2.50 Answer: P Flag question Question 27 Determine the provincial income tax for this payment ($9000). Not yet answered Answer: Marked out of 2.50 P Flag question Question 28 Determine the net pay. Not yet answered Marked out of 3.00 Answer: P Flag

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Karen W. Braun, Wendy M. Tietz

5th edition

134128524, 978-0134128528

More Books

Students also viewed these Accounting questions