An employee earns $3,500 on a semi-monthly basis. The company also provides the following: a)...
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Accounting
An employee earns $3,500 on a semi-monthly basis. The company also provides the following: a) Non- Cash Taxable Benefits of $240 per pay frequency b) Cash Allowances totaling $460 per pay frequency Required: Compute the employers total payroll costs (sum of all payroll related expenses/disbursements), for one semi-monthly payroll period.
NOTE: Assume that CPP & EI maximums will not be reached. Ignore Vacation, EHT & WSIB costs. You must clearly detail your calculations!
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