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
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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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