Question
U-Knit Company operates in Winnipeg, and all the employees who work for them work and live in Winnipeg. The rate given to the company for
U-Knit Company operates in Winnipeg, and all the employees who work for them work and live in Winnipeg. The rate given to the company for WCB coverage is $1.19 per $100 of assessable payroll. Calculate the assessment due to WCB for 2021 based on the following payroll information: 8 MARKS
Employee Name | Gross Earnings | Assessable Taxable Benefits | Assessable Earnings |
Mary Anvil | $116,897.60 | $16,578.90 | $ |
John Cuthbert | $19,564.00 | NIL | $ |
Jane Gull | $123,008.54 | $11,653.80 | $ |
Pam Keep | $55,000.00 | $2,587.55 | $ |
Marcel Paige | $33,766.45 | $965.44 | $ |
Fran Webster | $10,000.00 | Nil | $ |
Total Assessable Earnings | $ | ||
Rate per $100 | $ 1.19 | ||
Total Amount Due to WCB | $ |
1. Calculate Mary Anvil's Assessable Earnings
2. Calculate John Cuthbert's Assessable Earnings
3. Calculate Jane Gull's Assessable Earnings
4. Calculate Pam Keep's Assessable Earnings
5. Calculate Marcel Paige's Assessable Earnings
6. Calculate Fran Webster's Assessable Earnings
7. Calculate the Total Assessable Earnings
Step by Step Solution
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As per given details please refer below answer In 2021 maximum WCB assessable earning is 127000 in W...Get Instant Access to Expert-Tailored Solutions
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