Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 27 Not yet answered Marked out of 1.00 Flag question Here is a sample Payroll Register for a weekly payroll of an Ontario

Question 27Not yetansweredMarked out of1.00P Flag questionHere is a sample Payroll Register for a weekly payroll of an

An example of a taxable benefit would be:O a. A paid gym membership.db. Use of a company car while working.Oc. An ergonomi

Cell phone service paid for by the employer for the employees personal use is:O a. Not taxable but subject to CPP deduction 

Question 27 Not yet answered Marked out of 1.00 Flag question Here is a sample Payroll Register for a weekly payroll of an Ontario company: Week of Jan 31 Hours Earnings Employee Rate A. Boss $40.00 37.50 C. Doer $15.00 20 0 E. Fickle $12.50 37.58.5 G. Host $18.00 37.54 1. Jules $19.2537.50 $721.88 $- K. Landing $25,005 0 $125.00 $- Total Reg OT Reg OT $1,500.00 $ - $300.00 $- Vac Pay Gross CPP Fed Tax Prov Tax Net $90.00 $1,590.00 $75.37 $29.89 $286.20 $190.80 $1,007.74 $18.00 $318.00 $12.41 $5.98 $31.80 $159.00 $108.81 $468.75 $159.38$37.69 $665.81 $423.91 $675.00 $108.00 $46.98 $829.98 $29.63 $12.52 $119.85 $79.90 $527.63 $37.75 $15.60 $149.40 $99.60 $43.31 $765.19 $34.55 $14.39 $137.73 $91.82 $7.50 $132.50 $3.23 $2.49 $- $486.70 $ $126.78 175 12.5 $3,790.63 $267.38 $243.48 $4301.48 $192.94 $80.87 $724.98 $621.12 $2681.57 Use the information in this table to answer the following question. How much will the company owe for the employer portion of Employment Insurance premiums for this pay cycle? O a $385.88 O b. $80.87 C $113.22 O d. $194.09 Oe. $192.94 Clear my choice An example of a taxable benefit would be: O a. A paid gym membership. b. Use of a company car while working. O C. An ergonomic chair provided for the employee to use at the office. O d. Tuition paid for a WordPress course required for work. Oe. Airline tickets to travel to an office event. Clear my choice Cell phone service paid for by the employer for the employee's personal use is: O a. Not taxable but subject to CPP deductions O b. Taxable with CPP and El deductions Not taxable Taxable with CPP deductions but not El Taxable with El deductions but not CPP c. O d. O e.

Step by Step Solution

3.33 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

AnswerThe answer provided below has been developed in a clear step by step manner St... 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

Financial and managerial accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

1st edition

111800423X, 9781118233443, 1118016114, 9781118004234, 1118233441, 978-1118016114

More Books

Students also viewed these Mathematics questions

Question

If m

Answered: 1 week ago