Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sheena Mars is a clerk in the shoe department of the Patterson store in Winnipeg. She earns a base monthly salary of $1,890 plus a

image text in transcribed

Sheena Mars is a clerk in the shoe department of the Patterson store in Winnipeg. She earns a base monthly salary of $1,890 plus a 5 percent commission on her sales. Through payroll deductions, Mars donates $35 per month io a charitable organization and pays benefit premiums of \$56.15. Compute Mars' gross pay and net pay for December, assuming her sales for the month are $48,000. The income tax rate on her eamings is 20 percent, the CPP contribution is 5.45 percent (account for the $3,500 basic annual exemption), and the El premium rate is 1.58 ercent. Mars has not yet reached the CPP or El maximum eaming levels

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

Marketing Theory And Practice

Authors: Michael J. Baker

1st Edition

1349068555, 9781349068531

More Books

Students also viewed these Accounting questions