Mr. Mani started his new job in Burlington, Ontario on 1st January 2021 with Mandy's Inc. and gets his payment weekly. His annual salary package is $78,000. Each week his gross salary is $1500.00. His Federal claim code is 1 and Provincial claim code is 1. How much is the total Employee withholdings taxes (CPP, El & Income Tax) and employer's contribution (CPP & EI) for 2021 that will be submitted to CRA by Mandy's Inc. (Assume that Mr. Mani is the only employee of Mandy's Inc. for calendar year 2021) A.$24171.80 B.$23815.98 C.$27851.26 D.$25796.00

Mr. Mani started his new job in Burlington, Ontario on 1st January 2021 with Mandy's Inc. and gets his payment weekly. His annual salary package is $78,000. Each week his gross salary is $1500.00. His Federal claim code is 1 and Provincial claim code is 1. How much is the total Employee withholdings taxes (CPP, El & Income Tax) and employer's contribution (CPP & EI) for 2021 that will be submitted to CRA by Mandy's Inc. (Assume that Mr. Mani is the only employee of Mandy's Inc. for calendar year 2021) A.$24171.80 B.$23815.98 C.$27851.26 D.$25796.00

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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