As the payroll administrator, you are given the following information regarding an employer leased automobile in Manitoba in 2019: Monthly lease cost: Days available: Total km: $423.75 (including GST & RST) 365 days 24,000 2,000 60 months (Enter this when using ABOC) Personal km: Total lease period: Required: Calculate the automobile benefit assuming: a. The employee did not elect to use the optional calculation for calculating the operating cost. b. The employee did elect to use the optional calculation for calculating the operating cost.

As the payroll administrator, you are given the following information regarding an employer leased automobile in Manitoba in 2019: Monthly lease cost: Days available: Total km: $423.75 (including GST & RST) 365 days 24,000 2,000 60 months (Enter this when using ABOC) Personal km: Total lease period: Required: Calculate the automobile benefit assuming: a. The employee did not elect to use the optional calculation for calculating the operating cost. b. The employee did elect to use the optional calculation for calculating the operating cost.

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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Calculate the Workers' Compensation premium owing for an employer in Ontario with assessable earnings equal to $295,000 annually in the agricultural Industry rate category (assume no employees exceed the maximum assessable earnings for the year)
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(J) lauprechta Incorporated has the following employees on payroll: Employees is paid Semimonthly Naila $ 6,000 3 dependents Married, Wilfred $ 5,300 2 dependent Married, Byron $3900 0 dependents Single, Annie $ 4,500 1 dependent Head of Household. Assume that the employer uses the percentage method table for a manual payroll system. Prepare form 940 for 2022. No futa deposits were made during the year. assume Lauprechta has timely paid all amounts due to the state unemployment fund assume a total of amount of 3471 and the payroll was consistent throughout the entire year.
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