question archive Hemal Thomas is an employee in Ontario
Hemal Thomas is an employee in Ontario
Subject:AccountingPrice: Bought3
Hemal Thomas is an employee in Ontario. The net pay calculation is for the first biweekly pay of 2019. The employee is 32 years old and in this pay is entitled to 70 hours' regular pay at $20.00/hour, three hours of overtime at time and a half, and a $100.00 safety shoe allowance. The employee also receives a monthly car allowance of $200.00 and the employer pays group life insurance of $35.00 a month. Vacation at 4% is accrued. The employee contributes $20.00 per pay to the United Way, $20.00 per month to the company social club, and $15.00 per pay for union dues. The employee's TD1 federal and provincial codes are both 2.
1. The gross earnings for the pay period
2. Canada Pension Plan contributory earnings
3. Taxable benefits
4. Insurable earnings
5. The Canada Pension Plan contribution
6. The employment insurance premium
7. Gross taxable earnings
8. Net taxable earnings
9. Federal income tax
10. The Ontario income tax
11. Total deductions
12. Net pay for the pay period
13. Write all payroll journal entries required
