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see my new question i update every information, i post a new question Part C Case Study In this case study you will be required
see my new question i update every information, i post a new question
Part C Case Study In this case study you will be required to calculate the gross to net pay for three employees. You will also be required to calculate other employer costs based on the information provided. This case study will demonstrate that you know how to use what you have learned in this course. Majic Corporation sells phone cases to public and private companies. They are located at 123 Locus Rd, Toronto, ON M1H 453. They employ 200 full time employees who work in sales, customer service and office support roles. They have had an annual remuneration of over $1,000,000 for the past several years therefore their EHT rate is 1.95%. Pay period #1 started December 27, 2020. All are paid on a bi-weekly basis. All benefits are processed each pay on an as enjoyed basis. The first pay day for employees is Jan 13, 2021. They have three staff in the Customer Service Department answering questions from clients and the general public. They all work Monday to Friday and do not work statutory holidays but are paid for them. D) Now that you have calculated the net pays for each of these employees, calculate the totals for all three employees for following: Pay Period 6 Answer Mark Total Gross earnings for all 3 employees Total Taxable income for all 3 employees Total employee portions for CPP Total employer portions for CPP Total employee portions for El Total employer portions for El Total Federal and Provincial taxes Total employee portion of health benefits Total employer portion of health benefits Total for United Way Total life insurance Total AD &D Total EHT Total Marks 16.5 Pay Period 7 Answer Mark Total Gross earnings for all 3 employees Total Taxable income for all 3 employees Total employee portions for CPP Total employer portions for CPP Total employee portions for El Total employer portions for El Total Federal and Provincial taxes Total employee portion of health benefits Total employer portion of health benefits Total for United Way Total Life insurance Total AD &D Total EHT Total Marks 16.5 Step by Step Solution
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