Hemal Thomas is an employee in British Columbia, The net pay calculation is for the first biweekly pay of 2019. The employee is 32 ye 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. Total deductions are:

Hemal Thomas is an employee in British Columbia, The net pay calculation is for the first biweekly pay of 2019. The employee is 32 ye 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. Total deductions are:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

A married employee who earns $17/hour, works 38 hours during a recent week, is paid weekly, and claims 6 federal withholding allowances has $_____ in federal income tax withholding under the wage-bracket method.
The basic annual salary of Martha is R576 000. She is entitled to an annual bonus of 90% of her basic monthlysalary. Her employer contributes 8% of her basic salary to her pension fund. She works for 45 hours per week (fromMonday to Friday). She is entitled to 21 days paid vacation leave. There are 12 public holidays in the year (365days), 8 of which fall on weekdays. Study the information provided below and calculate the hourly recovery tariff per hour (expressed inrands and cents) of Martha.
Dilpreet works for CTY, a company in Ontario and is paid $4300 biweekly. He contributes 7% of his gross earnings to a Registered Retirement Savings Plan each pay. He pays $92 per month for union dues and receives a group term life insurance non-cash taxable benefit of $390 each month. His employer also paid for counselling services worth $416 a month (non-cash). Each pay Dilpreet contributes $8.00 to United Way. His federal and provincial TD1 claim codes are 1 and he will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Use 2021 rates. Calculate Dilpreet’s net pay. Make sure to use the CRA payroll deduction tables to determine federal and provincial income taxes. Round to two decimal places and do not include commas (,) or the $ sign.
Helen works for Jefferson Movers in Alberta and earns an annual salary of $44,742.00 paid on a bi-weekly basis. She contributes 2% of her gross earnings to a Registered Retirement Savings Plan each pay. Helen pays $37.00 bi-weekly for union dues and receives a group term life insurance non-cash taxable benefit of $26.00 each pay. Her federal and provincial TD1 claim codes are 3 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Calculate Helen's net pay, following the steps in the payroll calculation template. Gross Taxable Earnings (GTE) Pensionable Earnings (PE) Insurable Earnings (IE) Net Taxable Income (CRA) (NTI) Net Taxable Income (RO) (NTI) Statutory Deductions C/QPP contribution El premium OPIP premium Income tax (federal) Income tax (provincial) Other Deductions Union dues
Ann hires a nanny to watch her two children while she works at a local hospital. She pays the 19-year-old nanny $170 per week for 42 weeks during the current year. Do not round immediate computations and round your final answers to two decimal places. a. What is the employer's portion of Social Security and Medicare tax for the nanny that Ann should pay when she files her Form 1040 for 2018?$ b. What is the nanny's portion of the Social Security and Medicare tax?$
Can I do a general journal entry on this scenario, if so how do i do it? Master Flow’s first employee, Emma Stone starts at the Company. She will be responsible for Warehouse Management. She will be paid $20 / Hour. Emma works 30 Hours / Pay Period (every two weeks). The pay period ends on 12-31-20. Emma’s Federal Tax Withholding is $50, based on her W4, and all other standard payroll taxes apply at their appropriate rates. She does not receive benefits and does not have any contributions of any type withheld from her pay.
On January 1, 2019, FrankKeating Company decided to grant its employees 10 vacation days and five sick days each year. Vacation days are earned can be carried over to the next year but not sick days. Each employee took an average of four sick days in 2019. During the year, each of Mike’s sixty employees earned P300 per day (increases by 5% each year) and had three unused vacation pays as of yearend. How much is the Vacation Pay Expense? How much is the Sick Pay Expense? How much is the Liability for Compensated Absences?
2019 Thuy worked as the assistant manager at Burger Crown through August 2019 and received wages of $79,000. Thuy then worked at Up and Down BUrger starting in September of 2019 and received wages of $61,500. Calculate the amount of Thuy's overpayment of Social Security taxes that she should report on her 2019 Form 1040. (round to nearest two decimals places) $
Grace's employer is now offering group-termlife insurance. The company will provide each employee with $135.000 of group-term ife Insurance. It costs Grace's employer $725 to provide this amount of insurance to Grace each year. Assuming that Grace is 57 years old, use the table to determine the monthly premium that Grace must include in income as a result of receiving the group-term life benefit. EXHIBIT 12:08 Uniform Premiums for $1,000 of Group-Term Life Insurance Protection 5-Year Age Bracket Under 25 Cost per $1, e0e of Protection for one Month $0.05 25 to 29 0.06 30 to 34 0.08 0.09 0.10 0.15 35 to 39 40 to 44 45 to 49 50 to 54 55 to 59 6e to 64 65 to 69 0.23 0.43 0.66 1.27 2.06 76 and above
In 2022, Yami, a factory worker, receives P20,000 as monthly gross compensation. The amount includes P2,500 as overtime premium pay. What is the amount charged to factory overhead control?
Doris MacNeil works for Modem Furniture in Alberta and receives the following remuneration on her pay: Bi-weekly salary $1,364.85 Overtime 342.96 4% vacation pay on overtime 13.72 Group term life insurance non-cash taxable benefit 15.75 Taxable car allowance 75.00 What is Doris’ gross pensionable/taxable income for this pay? Show your calculations
Addidas Co. pays $190 per month for Jay's insurance, $22 per month for his disability insurance, and contributes an equal amount to Jay's retirement account. Journalize Addidas Co.'s expenses for employee benefits.