Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Susan Huang, an employee of Gulf Corp., worked 181 hours during April. Her pay rate is $7.90 per hour, and her wages are subject to

image text in transcribed

Susan Huang, an employee of Gulf Corp., worked 181 hours during April. Her pay rate is $7.90 per hour, and her wages are subject to no deductions other than income taxes, El, and CPP. The overtime premium is 50% and is applicable to any time greater than 160 hours per month. Fill in the table below assuming that, El is calculated at 1.88%, income tax at 20%, and CPP at 4.95% of annual earnings greater than $3,500 and less than $50,100. Please make sure your final answer(s) are accurate to 2 decimal places. Regular pay Overtime premium pay Gross pay El deduction CPP deduction Income tax deduction Total deductions Net pay

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions