Question
Roger started with Majic this year.His first day was January 6, 2020.He was hired on a temporary basis to cover an employee who was off
Roger started with Majic this year.His first day was January 6, 2020.He was hired on a temporary basis to cover an employee who was off on maternity leave.He earns $16.50 per hour.He is covered under the Employment Standards Act of Ontario. He works 7 hours per day 5 days per week and receives 4% vacation pay on each pay cheque.He does not receive any benefits.He has not taken any days off.
He has the following deductions:
Federal and Provincial taxes - he is claiming basic tax (Claim code 1)
He has found a full time job and his last day to work will be June 26, 2020
Claim Codes: 10,783.001 Claim code 1
Pay Period 3
Answer
Mark
Gross Pay
/1
Gross taxable income
/1
CPP contributions
/1
EI premiums
/1
Federal and Provincial taxes
/1
Net pay
/1
Employer health tax
/1
Total Marks
/7
Pay Period 4
Answer
Mark
Gross Pay
/1
Gross taxable income
/1
CPP contributions
/1
EI premiums
/1
Federal and Provincial taxes
/1
Net pay
/1
Employer health tax
/1
Total Marks
/7
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
