Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
the payroll for unified, inc. is $7000. unified, inc. must make the following deductions on its employee's earnings: A) federal income tax: 20%. B) CPP:
the payroll for unified, inc. is $7000. unified, inc. must make the following deductions on its employee's earnings: A) federal income tax: 20%. B) CPP: 1.7%. C) UI: 2.5%. In addition to these deductions, they must also match the employee's CPP contributions, remit 1.4 times its employees' UI contributions, and make a contribution to provincial health care at 1.8% of gross pay. When they remit their taxes to the government, for what amount will the Cash account be credited
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
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](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started