. Calculate the total assessable earnings for the following Ontario payroll: EMPLOYEE GROSS EARNINGS 2016 ANNUAL...
. Calculate the total assessable earnings for the following Ontario payroll:
|
EMPLOYEE |
GROSS EARNINGS |
2016 ANNUAL MAXIMUM ASSESSABLE EARNINGS |
EXCESS EARNINGS |
|
Samantha |
$99,962.12 |
||
|
Jeff |
$25,569.24 |
||
|
Johnathon |
$98,578.10 |
||
|
Daphne |
$43,200.00 |
||
|
TOTALS |
Assessable Earnings Calculation:
Homework Answers
2016 maximum annual assessable earnings in Ontario are $88,000.
Wages in excess of $88,000 are not subject to insurance.
| EMPLOYEE | GROSS EARNINGS | 2016 ANNUAL MAXIMUM ASSESSABLE EARNINGS | EXCESS EARNINGS |
| Samantha | $ 99,962.12 | $ 88,000.00 | $ 11,962.12 |
| Jeff | $ 25,569.24 | $ 88,000.00 | $ - |
| Johnathan | $ 98,578.10 | $ 88,000.00 | $ 10,578.10 |
| Daphne | $ 43,200.00 | $ 88,000.00 | $ - |
| TOTALS | $ 2,67,309.46 | $ 3,52,000.00 | $ 22,540.22 |
Add Answer to:
. Calculate the total assessable earnings for the following
Ontario payroll:
EMPLOYEE
GROSS
EARNINGS
2016 ANNUAL...
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