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An employer in Ontario has 4 employees (A,B,C,D)paid $40000 annually. A is paid monthly B is paid semi monthly, C is paid bi weekly and d is paid weekly. (IGNORE BASE PERSONAL AMOUNT)) Union dues paid by each worker is $50 per month Employer pays $100 per month for each employee as life insurance premium. All workers works 4 hours overtime in a week. Calculate hourly wage rate? AND NET EARNINGS OF ABCD? What are the standard hours per week in Ontario 40 Yearly standard hours = 52 x 40 = 2080 Yearly payment = 40000 I

An employer in Ontario has 4 employees (A,B,C,D)paid $40000 annually. A is paid monthly B is paid semi monthly, C is paid bi weekly and d is paid weekly. (IGNORE BASE PERSONAL AMOUNT)) Union dues paid by each worker is $50 per month Employer pays $100 per month for each employee as life insurance premium. All workers works 4 hours overtime in a week. Calculate hourly wage rate? AND NET EARNINGS OF ABCD? What are the standard hours per week in Ontario 40 Yearly standard hours = 52 x 40 = 2080 Yearly payment = 40000 I

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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An employer in Ontario has 4 employees (A,B,C,D)paid $40000 annually. A is paid monthly B is paid semi monthly, C is paid bi weekly and d is paid weekly.(IGNORE BASE PERSONAL AMOUNT)) Union dues paid by each worker is $50 per month Employer pays $100 per month for each employee as life insurance premium. All workers works 4 hours overtime in a week. Calculate hourly wage rate? AND NET EARNINGS OF ABCD? What are the standard hours per week in Ontario 40 Yearly standard hours = 52 x 40 = 2080 Yearly payment = 40000 I
Transcribed Image Text:An employer in Ontario has 4 employees (A,B,C,D)paid $40000 annually. A is paid monthly B is paid semi monthly, C is paid bi weekly and d is paid weekly.(IGNORE BASE PERSONAL AMOUNT)) Union dues paid by each worker is $50 per month Employer pays $100 per month for each employee as life insurance premium. All workers works 4 hours overtime in a week. Calculate hourly wage rate? AND NET EARNINGS OF ABCD? What are the standard hours per week in Ontario 40 Yearly standard hours = 52 x 40 = 2080 Yearly payment = 40000 I
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