Summertime Company has 10 employees and processes payroll bi-weekly. A summary of their payroll information is as follows: Total gross taxable earnings Total CPP, El & Income tax 2018 $270,000 84000 2019 $280,000 2020 (Estimated) $295,000 87000 95000 Calculate the average monthly withholding amount and enter the amount in the space below. Include two decimal places and do not include a dollar sign or a comma. i.e. 0000.00
Summertime Company has 10 employees and processes payroll bi-weekly. A summary of their payroll information is as follows: Total gross taxable earnings Total CPP, El & Income tax 2018 $270,000 84000 2019 $280,000 2020 (Estimated) $295,000 87000 95000 Calculate the average monthly withholding amount and enter the amount in the space below. Include two decimal places and do not include a dollar sign or a comma. i.e. 0000.00
College Accounting (Book Only): A Career Approach
12th Edition
ISBN:9781305084087
Author:Cathy J. Scott
Publisher:Cathy J. Scott
Chapter8: Employer Taxes, Payments, And Reports
Section: Chapter Questions
Problem 1E
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