Employee #1 Colin Forth, 40 years old
Annual Salary $80,000
Married with a 10-year-old son
Studied part-time at Humber College for 2 months, and paidtuition fees of $1,500.
Spouse, Emma has $65,000 income
Employee #2 Renata Hoover, 45 years old
Annual Salary $70,000
Studied full-time at University of Toronto for 4 months, paidtuition fees of $4,500
Renata’s 75-year-old father lives with her. Her father qualifiesfor disability tax credit and has no income.
Both employees have been employed since January 1, 2019.
Pay period—Semi-monthly (for example Jan. 2019 is paid onJan.15, 2019 & Jan.31 2019).
complete the chart below
Employee | ANNUAL | Semi-monthly | GROSS | CPP | EI | FEDERAL | PROVINCIAL | Total Taxes | NET |
Jul.15, 2019 | | | | | | | | | |
Colin Forth | | | | | | | | | |
Renata Hoover | | | | | | | | | |
Total | | | | | | | | | |
Jul.31, 2019 | | | | | | | | | |
Colin Forth | | | | | | | | | |
Renata Hoover | | | | | | | | | |
Total | | | | | | | | | |
Total (Jul,2019) | | | | | | | | | |
| | Payroll Tax Deduction | | | | | | |
Jul.15, 2019 | | | | | | | | | |
Total employee portion | | | | | | | | |
Total employer portion | | | | | | | | |
Total remittance | | | | | | | | | |
Jul.31, 2019 | | | | | | | | | |
Total employee portion | | | | | | | | |
Total employer portion | | | | | | | | |
Total remittance | | | | | | | | | |