Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 9 [20 points] ABC Inc's three employees are paid monthly Each employee donates 5% of gross pay to United Way through payroll diductions Carter

image text in transcribed
Question 9 [20 points] ABC Inc's three employees are paid monthly Each employee donates 5% of gross pay to United Way through payroll diductions Carter Stark and Jerry Forrentes purchase Canada Savings Bonds through monthly payroll deductions of $200 and $250 respectively Complete the following payroll register for January, assuming that El is calculated at the rate of 100% CPP at 4.95% of annual earnings greater than $3 500 and less than $50100, and income taxes at 21 for Jerry Forrentes, 17% for Carter Stark, and 23% for Kevin Smith Please make sure your final iwwer(s) are accurate to 2 decimal places Deduction Pay Distan Canada Gross income LI Savings United Total Net Office Employee Pay Taxes Premium CPP Bonds Way Deduction Pay Sare Series Jerry Forrentes 2 125 2.125 Carter Stark 1.800 1.000 Kevin Smith 2050 2,050 Total 0575 1 000 4.775

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

International Standards On Auditing An Institutional Driver For Audit Quality

Authors: Dries Schockaert

1st Edition

2874035467, 978-2874035463

More Books

Students also viewed these Accounting questions

Question

5. Structure your speech to make it easy to listen to

Answered: 1 week ago

Question

1. Describe the goals of informative speaking

Answered: 1 week ago