Calculate the amount that would be reported

Assignment Help Accounting Basics
Reference no: EM133029032

Question - The following information is noted on the 2020 year end payroll register for an employee employed with a Québec employer: Regular earnings $49,000.00, vacation pay $2,800.00, taxable car allowance $630.00, non-cash taxable benefit for group term life insurance $169.00 and a non-eligible retiring allowance of $15,000.00. Calculate the amount that would be reported in Box I of the RL-1?

Reference no: EM133029032

Questions Cloud

What will the dividend be two years from now : The firm just paid an annual dividend of $1.50. What will the dividend be two years from now? Do we have to find D1 from D0
Importance of eeo in the workplace : What is the importance of EEO in the workplace?
Implementing strategic hrm plans : Your role as an HR partner is key to the success of this organization. How are you prepared to handle these efforts and the ensuing opportunities
Calculate Expected Net income of Zabir Group : Calculate Expected Net income of 2022 of Zabir Group. Assume current sales in 2021 is $6500, Cost $1500 and tax rate 20%
Calculate the amount that would be reported : Regular earnings $49,000.00, vacation pay $2,800.00, taxable car allowance $630.00, Calculate the amount that would be reported
Ethical and citizenship components : Q1: Corporate social responsibility has legal, ethical and citizenship components. Discuss, providing an example of each.
Determine the amount of impairment loss : Determine the amount of impairment loss assuming that the estimated undiscounted sum of future cash flows is (3) $12,000,000 instead of $15,000,000
Explain the enterprise bargaining workplace : Briefly explain the enterprise bargaining workplace bargaining agreement and processes.
Plan and implement relevant processes : Monitor and review operational performance - Identify areas of under-performance, recommend solutions and rectify the situation

Reviews

Write a Review

Accounting Basics Questions & Answers

  Impact of variance on unit cost

How much of the 0.40 excess unit cost and how much of the 0.40 excess unit cost is traceable to apprerent inefficient use of labor time

  Prepare an income statement for the year

Common shares outstanding for 2017 total 40,550 (000 omitted). Prepare an income statement for the year 2017 using the multiple-step form

  Explain the results in terms of time value of money

Bob and Lisa are both married, working adults. They both plan for retirement and consider the $2,000 annual contribution a must. First, consider Lisa's savings.

  Compute the break-even point of the sleeping bag

Compute the break-even point of the sleeping bag in units sold. What would be the total revenue at the break even point

  Examine the risks to merchandising that business may

please respond to the following analyze the risks to merchandising that a business may experience and how they might be

  Compute the number of equivalent units

A company uses the FIFO method for inventory costing. Compute the number of equivalent units produced by the department

  Prepare a trial balance for february

Post the January journal entries to the following T-Accounts and compute ending balances. Prepare a trial balance for February in the space below

  Calculate the income tax on joseph bonus payment

Calculate the income tax on Joseph's bonus payment. Joseph works for Northwest Gaskets in Alberta. He earns $33,800.00 per year and is paid biweekly.

  What an activity is presumed to be carried on for a profit

One indicator of whether an activity,What an activity is presumed to be carried on for a profit if it produces a profit in at least XX of the last 5 tax years?

  Compute minor beginning equity balance in the partnership

Dalworth and Minor have decided to form a partnership. Based on this information, Minor's beginning equity balance in the partnership will be

  Discuss the impact of sarbanes-oxley

Discuss the impact of Sarbanes-Oxley on a company's internal controls. Be sure to define internal controls and discuss the basic principles for assessing.

  On january 1 2011 doty co redeemed its 15-year bonds of

on january 1 2011 doty co. redeemed its 15-year bonds of 2500000 par value for 102. they were originally issued on

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