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Spieth Company employees had the following earnings records at the close of the November 30 Weekly payro period. Name o the Weekly Hourly Employee
Spieth Company employees had the following earnings records at the close of the November 30 Weekly payro period. Name o the Weekly Hourly Employee hours Rate Scott 80 16.50 Quageber: 70 18.50 Flint 65 20.00 Okonkwo Linea 85 22.50 90 25.00 Spieth Company's payroll taxes expense for each employee include: 5.25% CPP on the annual pensionabl- earnings. (with the first $3,500 exempt), and 1.4 times the employees El rate of 1.58%. As well, 15% federal and 5.05% provincial income taxes will be deducted from the employees' gross pay. Calculate the following for each worker. 1. Determine the amount of Gross Earnings 2. Determine the amount of Pensionable Earnings 3. Determine the amount of contributory Earnings 4. Determine the amount of insurable Earnings 5. Determine the amount of Taxable Earnings 6. Determine Employee CPP deduction I 7. Determine Employee El deduction 8. Determine Federal tax deduction
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