FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Tim works in Nova Scotia and is paid on a monthly basis. He is receiving a special pay (in addition to his 12 pays in

Tim works in Nova Scotia and is paid on a monthly basis. He is receiving a special pay (in addition to his 12 pays in the year) for a long service award. He is receiving an amount of $500 cash and he has not received a long service aware for 5 years. Determine which are pensionable and insurable and then calculate the CPP and EI deductions.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

CPP stands for Canada pension plan It is pension plan in which employees have to make contributions ... blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management and Cost Accounting
Management and Cost Accounting

Authors: Colin Drury

10th edition

1473748873, 9781473748910 , 1473748917, 978-1473748873

More Books

Students explore these related Accounting questions

Question

Celine works in Nova Scotia and is paid on a semi-monthly basis. She has a claim of code 2 on both TD1 and TD1NS. She has the following type of earnings, benefits, and deductions. She will not max...

Answered: 3 weeks ago

Question

Read the following case about Dell and answer the questions that follow. Dell Technologies is considered one of the most progressive companies in the world for remote workforces. The company, which...

Answered: 3 weeks ago

Question

Jane works in Ontario and is paid on a bi-weekly basis. She has the following type of earnings & benefits. Determine which are pensionable and insurable and then calculate the CPP and EI...

Answered: 3 weeks ago

Question

Consider the frequency demodulation scheme in Figure in which the incoming FM signal s (t) is passed through a delay line that produces a phase-shift of ?/2 radians at the carrier frequency ? c . The...

Answered: 3 weeks ago

Question

Mr. R.C. Cola owns 7,001 shares of Softdrinks, Inc. There are 10 seats on the company board of directors, and the company has a total of 77,000 shares outstanding. Softdrinks, Inc., utilizes...

Answered: 3 weeks ago

Question

LO.9 Indicate whether each of the following will increase (+), decrease (), or have no effect (NE) on a partners basis in a partnership interest: a. Operating loss of the partnership. b. Capital...

Answered: 3 weeks ago

Question

In the article Socioeconomic Gradients and Distribution of Diabetes, Hypertension, and Obesity in India published in JAMA Network Open (Corsi and Subramanian, 2019), the authors reported the odds...

Answered: 3 weeks ago

Question

Jeske Corporation issued $400,000 of 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $390,000, the company retired the bonds at 98. Prepare the entry to...

Answered: 3 weeks ago

Question

The Foley Corporation is considering investing in a new cane manufacturing machine that has an estimated life of three years. The cost of the machine is $30000 and the machine will be depreciated...

Answered: 3 weeks ago

Question

Balfour Corporation acquired 100% of Tobac Inc., a foreign corporation, for 33,000,000 FC. The acquisition, which was accounted for as a purchase, occurred on July 1, 20X5, when Tobacs equity, in FC,...

Answered: 3 weeks ago

Question

Failure to grow normally during the first year of life (perinatal growth failure) was observed in 33 of 249 very-low birthweight babies. The 90% confidence interval was 0.1383 +/- 0.0357. Write a...

Answered: 3 weeks ago

Question

Determine the number of arrangements of the letters of the word FLIBBERTIGIBBET such that there is exactly one vowel (and any number of consonants) between the first and second B, exactly one vowel...

Answered: 3 weeks ago

Question

Amina discovers it's very unlikely that an Angel Investor will notice a business from afar and reach out themselves. Finding this kind of investor is all about being proactive. But what is the best...

Answered: 3 weeks ago

Question

Define the following term: Plaintext Cryptogram Workfactor Digest Cryptanalysis Cryptovariable Collision Kerkhoff s Principle Digital signature Hybrid encryption

Answered: 3 weeks ago

Question

After working for a large public accounting firm for 8 years, Juan, Frieda and Wangshu decided to forge out on their own and formed JFW Associates, starting their business on September 1 , 2 0 2 3 ....

Answered: 3 weeks ago

Question

A spacecraft in deep space is isolated from its surroundings and is initially moving with the velocity v shown in the diagram above. It has thrusters on a swivel that fire such that the spacecraft...

Answered: 3 weeks ago

Question

Receving a payment from a customer on account: a) increases stockholders' equity b) decreases stockholders' equity c) decreases liabilities d) has no effect on total assets

Answered: 3 weeks ago

Question

A genetically engineered strain of Escherichia coli (E. coli) is used to synthesize human insulin for people suffering from type I diabetes mellitus. In the following simplified reaction scheme,...

Answered: 3 weeks ago

Question

How can the management accounting function provide information to support a low cost strategy?

Answered: 3 weeks ago

Question

Under what circumstances is it considered appropriate to use (a) The budget-constrained (b) The profit-conscious style of performance evaluation?

Answered: 3 weeks ago

Question

Bittern Ltd manufactures and sells a single product at a unit selling price of ?25 in constant price level terms. Its cost structure is as follows: Variable costs:Production materials...

Answered: 3 weeks ago

Question

Research has shown that a dog will respond with learned helplessness if it has received repeated shocks and has had the opportunity to escape. no control over the shocks. pain or discomfort. no food...

Answered: 3 weeks ago

Question

What negative attitudes might professors and students have toward each other? What strategies might change those attitudes?

Answered: 3 weeks ago

Question

People who have close relationships are less likely to die prematurely than those who do not, supporting the idea that social ties can be a source of stress. gender influences longevity. Type A...

Answered: 3 weeks ago

Previous Question Next Question