Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved 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.

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

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' TD1 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' gross earnings. Answer: Calculate Carlos CPP contribution, Answer: 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 8th (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. Calculate Carlo's 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

Question

please try to give correct answer 1 5 3 .

Answered: 1 week ago

Question

Determine miller indices of plane A Z a/2 X a/2 a/2 Y

Answered: 1 week ago