Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question: 5 2 - 5 1 Fleetway Transport is an Accelerated threshold 1 remitter. The statutory deductions withheld from the three bi - weekly payrolls

Question: 52-51Fleetway Transport is an Accelerated threshold 1 remitter. The statutory deductions withheld from the three bi-weekly payrolls in August are as follows:On the August 3 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 August 17 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 August 31 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 does not have a reduced Employment Insurance premium rate.Calculate the total amount to be remitted to the Canada Revenue Agency on September 10.

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

Accounting Principles Part 2

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

6th Canadian edition Volume 1

1118306791, 978-1118306796

More Books

Students also viewed these Accounting questions

Question

Future Issues in Sustainability?? LKI785

Answered: 1 week ago

Question

At which conferences do students regularly present?

Answered: 1 week ago