Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Step 1 : Gross earnings. Step 2 and 3 : No answer required. Step 4 : CRA / Federal Net Taxable Income Step 5 :

Step 1: Gross earnings.
Step 2 and 3: No answer required.
Step 4: CRA/Federal Net Taxable Income
Step 5: Quebec/Provincial Net Taxable Income
Step 6: Calculate Qubec Pension Plan (QPP) contributions.
Step 7: Calculate employment Insurance (EI) premiums
Step 8: Calculate Qubec Parental Insurance Plan (QPIP) premiums. Step 7: Calculate employment Insurance (EI) premiums
Step 8: Calculate Qubec Parental Insurance Plan (QPIP) premiums.
Step 9: Federal Tax:
Step 10: Provincial Tax:
Step 11: Calculate Total Deductions
Step 12: Calculate net payQuestion 21
12 pts
Robert Descharmes works for Westmount Seniors Drop-In in Quebec and is paid
$26.50 per hour.
In this bi-weekly pay period he worked 75 hours of straight time, 5 hours of overtime at
time and one half of his regular pay rate (x1.5) and 4 hours at double his regular pay
rate (x2 as per the company policy).
Robert pays $20.00 per pay in union dues.
His federal TD1 claim code is 1 and his provincial TP-1015.3-V deduction code is A.
He will not reach the first Quebec Pension Plan, Employment Insurance or Quebec
Parental Insurance Plan annual maximums this pay period.
Calculate Robert's net pay.
image text in transcribed

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

Management Accounting

Authors: Pauline Weetman

2nd Edition

0273718452, 978-0273718451

More Books

Students also viewed these Accounting questions

Question

Review the outcome research for family therapy.

Answered: 1 week ago

Question

a) Use Lagrange Multipliers to find absolute minimum and maximum of

Answered: 1 week ago

Question

Explain the factors influencing wage and salary administration.

Answered: 1 week ago

Question

Examine various types of executive compensation plans.

Answered: 1 week ago

Question

1. What is the meaning and definition of banks ?

Answered: 1 week ago

Question

Appreciate common obstacles to performance appraisals

Answered: 1 week ago

Question

Recognize traditional approaches to performance appraisals

Answered: 1 week ago