Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Regular remitters Under $25,000 Threshold 1 accelerated remitters From $25,000.00 to $99,999.99 $100,000.00 or more Threshold 2 accelerated remitters Big Co Inc. has 24 employees

image text in transcribed
image text in transcribed
Regular remitters Under $25,000 Threshold 1 accelerated remitters From $25,000.00 to $99,999.99 $100,000.00 or more Threshold 2 accelerated remitters Big Co Inc. has 24 employees and processes payroll weekly. A summary of their payroll information is as follows: 2017 $1,220,000 2018 $1,198,000 2019 (Estimated) $1,210,000 Total gross taxable earnings Total CPP, El & Income tax Required: 312,000 288,000 298,000 In the space below, type Big Co Inc.'s remitter type for 2019. A X N W Question 2 (1 point) Remitter type Average monthly withholding amount (AMWA) Quarterly remitters - new small employers Not based on AMWA. The monthly withholding amount is zero to $999.99 and the employer has a perfect compliance history." Quarterly remitters - account opened for 12 months or longer Under $3,000, and the employer has a perfect compliance history. Regular remitters Under $25,000 Threshold 1 accelerated remitters From $25,000.00 to $99,999.99 Threshold 2 accelerated remitters $100,000.00 or more Big Co Inc. has 24 employees and processes payroll weekly. A summary of their payroll information is as follows: 2017 $1,220,000 2018 51.198,000 2019. Estimated) SI 210,000 Total gross taxable

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_2

Step: 3

blur-text-image_3

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

A Blueprint For Lean Audit Lead Your Company To Higher Performance Levels

Authors: Maurice Washpun

1st Edition

B09R3DSLFF, 979-8408643707

More Books

Students also viewed these Accounting questions