Question
Spieth Company employees had the following earnings records at the close of the November 30 Bi weekly payroll period. Name o the Employee Weekly hours
Spieth Company employees had the following earnings records at the close of the November 30 Bi weekly payroll period.
Name o the Employee | Weekly hours | Hourly Rate |
Scott | 80 | 16.50 |
Quageber | 70 | 18.50 |
Flint | 65 | 20.00 |
Okonkwo | 85 | 22.50 |
Linea | 90 | 25.00 |
Spieth Company's payroll taxes expense for each employee include: 5.25% CPP on the annual pensionable earnings. ( with the first $3,500 exempt), and 1.4 times the employees EI 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.
- Determine Employee EI deduction
- Determine Federal tax deduction
- Determine Provincial tax deduction
- Determine Total tax Deductions
- Total employee deductions
- Employer CPP contribution
- Employer EI contribution
- Employer total Benefit expense
- Employer payroll liability
- Net Pay
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