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Tech Y., a Manitoba employer, reviews the employees' salaries on an annual basis, with any changes being effective for the first payment of the year.
Tech Y., a Manitoba employer, reviews the employees' salaries on an annual basis, with any changes being effective for the first payment of the year. The paperwork authorizing payroll to make the changes was received by the payroll manager in February, and the changes were input on the eighth pay of the year. Tech Y pays on a weekly basis. Carlos Mena's increase was calculated to be $30.00 per pay, his previous weekly salary was $790.00. Carlos' TD 1 federal and provincial TD1 is code 1. Carlos has a weekly group term life taxable benefit of $11.00. Carlos will receive his retroactive increase on the same pay as his regular salary. Use this information to answer questions 14-19. Use 2021 rates. Calculate Carlos' employment insurance premium. Answer: Using the CRA Payroll Deductions tables, determine the federal income tax to withhold on the employee's pay. Hint: Use the bonus method and recall that there are 7 pay periods that have passed. His Sth (current) pay period should reflect the pay increase. Answer: Question 18: Using the CRA Payroll Deductions tables, determine the provincial income tax to withhold on the employee's pay Hint: Use the bonus method and recall that there are 7 pay periods that have passed. His 8th (current) pay period should reflect the pay Increase Answer Tech Y., a Manitoba employer, reviews the employees' salaries on an annual basis, with any changes being effective for the first payment of the year. The paperwork authorizing payroll to make the changes was received by the payroll manager in February, and the changes were input on the eighth pay of the year. Tech Y pays on a weekly basis. Carlos Mena's increase was calculated to be $30.00 per pay, his previous weekly salary was $790.00. Carlos' TD 1 federal and provincial TD1 is code 1. Carlos has a weekly group term life taxable benefit of $11.00. Carlos will receive his retroactive increase on the same pay as his regular salary. Use this information to answer questions 14-19. Use 2021 rates. Calculate Carlos' employment insurance premium. Answer: Using the CRA Payroll Deductions tables, determine the federal income tax to withhold on the employee's pay. Hint: Use the bonus method and recall that there are 7 pay periods that have passed. His Sth (current) pay period should reflect the pay increase. Answer: Question 18: Using the CRA Payroll Deductions tables, determine the provincial income tax to withhold on the employee's pay Hint: Use the bonus method and recall that there are 7 pay periods that have passed. His 8th (current) pay period should reflect the pay Increase
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