Question

complete the work sheet Employee #1 Colin Forth, 40 years old Annual Salary $80,000 Married with...

complete the work sheet

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 paid tuition fees of $1,500.

Spouse, Emma has $65,000 income

Employee #2 Renata Hoover, 45 years old

Annual Salary $70,000

Single

Studied full-time at University of Toronto for 4 months, paid tuition fees of $4,500

Renata’s 75-year-old father lives with her. Her father qualifies for disability tax credit and has no income.

Assume:

  1. Both employees have been employed since January 1, 2019.
  2. Pay period—Semi-monthly (for example Jan. 2019 is paid on Jan.15, 2019 & Jan.31 2019).
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
Total remittance (Jul. 2019)
0 0
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Answer #1

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