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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 pay of the year.
Tech Y., a Manitoba employer, reviews the employees salaries on an annual basis, with any changes being effective for the first pay of the year. The paperwork authorizing payroll to make the changes was received by the payroll manager in March, and the changes were input on the tenth pay of the year. Tech Y pays on a weekly basis.
Carlos Menas increase was calculated to be $18.00 per pay; his previous weekly salary was $550.00. Alberts TD1 federal and provincial are code 2. Carlos has a weekly group term life taxable benefit of $8.00.
Carlos will receive his retroactive increase on the same pay as his regular salary.
Use this information to answer questions 14-19. Use 2019 rates.
Calculate Carlos gross earnings.
Answer:
Question 15
Not yet answered
Marked out of 2.00
Calculate Carlos CPP contribution.
Answer:
Question 16
Not yet answered
Marked out of 2.00
Calculate Carlos' employment insurance premium.
Answer:
Question 17
Not yet answered
Marked out of 4.00
Using the CRA Payroll Deductions tables, determine the federal income tax to withhold on the employees pay.
Hint: Use the bonus method and recall that there are 9 pay periods that have passed. His 10th (current) pay period should reflect the pay increase.
Answer:
Question 18
Not yet answered
Marked out of 4.00
Question 18: Using the CRA Payroll Deductions tables, determine the provincial income tax to withhold on the employees pay.
Hint: Use the bonus method and recall that there are 9 pay periods that have passed. His 10th (current) pay period should reflect the pay increase.
Answer:
Question 19
Not yet answered
Marked out of 3.00
Calculate Carlos net pay
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