Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sally Preston Salary YTD 48000 worked for 16 weeks, (8 pay periods) this year Taxable Benefit YTD 4000 car taxable benefit Federal Claim Code 4
Sally Preston Salary YTD 48000 worked for 16 weeks, (8 pay periods) this year Taxable Benefit YTD 4000 car taxable benefit Federal Claim Code 4 Provincial Claim Code 7 Last Regular Bi-Weekly Pay Salary 6,000.00 based on 40 hours per week/80 hours per payperiod Car Taxable Benefit 500.00 ` Income Tax 1,970.18 CPP 362.83 EI 94.80 Net Pay 3,572.19 Decide to terminate at the end of day on April 22, 2022 All regular wages have been paid up to this date and are included in the figures above Sally has worked for us for under 1 year, her first day worked was January 3, 2022 We owe 4% Vacation Pay on all earnings this year plus pay in lieu of notice Lawyers decide we should pay 5 weeks Lieu of Notice and 2 weeks Severance Final payments to be made on April 29, 2022 What do we owe Sally? Pay in Lieu 3000 per week 5 weeks $ 15,000.00 Vacation on lieu 600.00 Vacation on wages YTD 1,920.00 Total Pay in Lieu Vacation Pay 17,520.00 Severence 3000 2 weeks 6,000.00 CPP on pay in lieu and vacation 998.64 no exemption
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started