Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 3 (5 points) Saved An employee in Manitoba earns a semi-monthly salary of $3,500 and has an outstanding employer loan of $2,500. The low

image text in transcribed
image text in transcribed
Question 3 (5 points) Saved An employee in Manitoba earns a semi-monthly salary of $3,500 and has an outstanding employer loan of $2,500. The low interest loan benefit is $1.75 for this pay period. The pay date is June 11, 2021 and the year-to-date earnings to the end of the previous pay period for this employee total $13,054.50. Required: Calculate the CPP and El to be deducted from the employee's pay for this pay period. Show and label your calculations. Question 2 (5 points) A supervisor for a restaurant located in Winnipeg earns $52,000 annually. She doesn't require the use of her vehicle at work but she receives a monthly parking allowance of $50. Standard hours are 40 hours per week and vacation is accrued at 6%. She is receiving a $500 bonus and worked 6 hours of overtime for the bi-weekly pay period ending February 11, 2021. Required: Calculate gross earnings for the supervisor for this pay period. Show and label all calculations. N

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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 Accounting Tools for Business Decision Making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

6th Canadian edition

1118644948, 978-1118805084, 1118805089, 978-1118644942

Students also viewed these Accounting questions