Question
The following amounts were withheld from employees' pay cheques during the current statutory deduction remittance period: Qubec Pension Plan contributions of $10,800.00, Employment Insurance premiums
The following amounts were withheld from employees' pay cheques during the current statutory deduction remittance period: Québec Pension Plan contributions of $10,800.00, Employment Insurance premiums of $2,540.00, Québec Parental Insurance Plan premiums of $690.00, federal income tax of $34,500.00 and Québec provincial income tax of $31,200.00. This employer does not qualify for a reduced Employment Insurance rate. Calculate the total amount that must be remitted to the Canada Revenue Agency for the current remittance period.
Employee | Employer | Employer Rates | Total Remitted to CRA | |
QPP |
| |||
EI |
| |||
QPIP |
| |||
Federal Tax |
| |||
Provincial Tax |
| |||
Total Remitted |
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
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