Calculate Helen net pay

Assignment Help Accounting Basics
Reference no: EM132934127

Problem - SCENARIO - Helen works for Jefferson Movers in Alberta and earns an annual salary of $48,000.00 paid on a weekly basis. She contributes 2% of her gross earnings to a Registered Retirement Savings Plan each pay. Helen pays $39.00 weekly for union dues and receives a group term life insurance non-cash taxable benefit of $24.00 each pay. Her federal and provincial TD1 claim codes are 1 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Calculate Helen's net pay, following the steps in the payroll calculation template.

Reference no: EM132934127

Questions Cloud

What entry is included if merchandise is invested by entity : What entry is included if a merchandise is invested by an entity under a joint operation agreement? Credit to merchandise Inventory of all the Joint Operators
Discuss Support Vector Machines and Clustering : Question - Discuss Support Vector Machines and Clustering with example(s) of their applications in the Finance domain
Sugar concentration and carbon dioxide amounts : What is the relationship between sugar concentration and carbon dioxide amounts, as seen in William's data?
Find how much will ana receive if the net income earned : The partners of AAA Partnership are Delia, Nada, and Romina. During the current year, How much will Ana receive if the net income earned is $470,000?
Calculate Helen net pay : Helen works for Jefferson Movers in Alberta and earns an annual salary of $48,000.00 paid on a weekly basis. Calculate Helen net pay
Demonstrate that you understand the decision-making : Supervisors and incumbents often see the process from different perspectives. Which factor below is usually seen from the perspective of the supervisor
Find how much should be debited to alyssa interest : Payments of accounts payable in the amount of $8,600 was not posted to the payable account. How much should be debited to Alyssa's interest?
Explain the appropriate mechanics of accounting : Using a simple example explain the appropriate mechanics of accounting for commercial income. Do you agree with Amit Soni that Tesco's accounting
How much should she contribute to the new business : If Jaja is to invest sufficient cash to obtain 2/5 interest in the partnership, how much should she contribute to the new business?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine bonita stockholders equity on december

Bonita Company compiled the following ?nancial information as of December 31, 2018: Bonita's stockholders' equity on December 31, 2018 is

  Prepare a cash budget for the months of july

Prepare a cash budget for the months of July through September 2010. Show supporting schedules for the calculation of receivables and payables

  Repare a production budget by month and in total

The company is now in the process of preparing a production budget for the second quarter. Prepare a production budget by month and in total, for second quarter

  Prepare the journal entries for the extended contracts

Prepare the journal entries on December 31, 2019, for the 40 extended contracts (the first year of the revised 3-year contract).

  Write a paper on a nonprofit agency

Write a 2-3 page paper on a Nonprofit agency. Identify a nonprofit that you will use for several assignments

  Problems in recording direct labour costs

What problems might arise in recording direct labour costs and how would you attempt to remedy them?

  Identify the principles of internal control

Identify the principles of internal control: Culottis Oizza operates strictly on a carryout basis. Customers pick up their orders at a counter where a clerk exchanges the pizza for cash. While at the counter, the customer can see other employees m..

  Identify and discuss the key steps in the closing process

Identify and discuss the key steps in the closing process that provide the most opportunity to make mistakes in processing account transactions. Why did you select these steps and what makes them confusing?

  Appropriate price-sales multiple for longs drug

Estimate the appropriate price/sales multiple for Longs Drug. The stock is currently trading for $34 per share. Assuming the growth rate is estimated correctly, what would the profit margin need to be to justify this price per share?

  Calculate cost of goods available for sale

Calculate cost of goods available for sale, The cost of goods available for sale

  What the cost of land would be recorded

A company purchased land for $490000 cash. Under the historical cost principle, what the cost of land would be recorded

  Badger recorded 500000 of net sales for the year of which

badger recorded 500000 of net sales for the year of which 2 is estimated to be uncollectible. id and analyze the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd