Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 4 please use cras online calculator to calculate t

4 Please use CRAs online calculator to calculate the followings (A) Using the information below,...

50.1K

Verified Solution

Question

Accounting

4 Please use CRAs online calculator to calculate the followings (A) Using the information below, please determine the statutory withholdings (EI, CPP, and Income Tax) for Mr. Alex Noahs pay on July 31, 2023 (2 marks) Employer:Peerless College Province:Alberta Pay period ending dayJune 30, 2023 Pay period frequencyMonthly Gross salary$2,500, $250 taxable car allowance Deductions$100 RRSP contribution by employee and matched 100% by employer Total claim amount (Federal)Claim Code 1 Total claim amount (provincial)Claim Code 9 (B) Mr. Amirul Haque a SK resident is paid a salary of $7,500 per month and receives a monthly $250 taxable car allowance. In this pay period Mr. Haque received 6% of his gross pay as vacation pay. The organizations registered pension plan allows Mr. Haque to 5% of her monthly salary to the plan, which he does. Mr. Haques federal TD1 claim code is 3 and her provincial TD1 claim code is 1. Year to date, pensionable earnings is $58,000 and CPP contribution deducted is $3,200. Year to date insurable earnings is $53,000 and EI premiums deducted year to date is $725. Please calculate net pay. (10 marks)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students