Calculate the canada pension plan contribution for alberta

Assignment Help Financial Accounting
Reference no: EM132941526

A 30 year-old Alberta employee earns $2,475.00 bi-weekly. Each pay period, he has a non-cash taxable benefit of $37.50, pays union dues of $30.00, and contributes 4% of his earnings to a registered company pension plan. His federal and provincial TD1 forms indicate a claim code of 2. He is not in receipt of benefits from the Canada or Québec Pension Plan. To date he has had $773.40 in Canada Pension Plan contributions and $561.20 in Employment Insurance premiums deducted.

Problem 1: Calculate the following

Canada Pension Plan (CPP) contribution:
Employment Insurance (EI) premium:

Reference no: EM132941526

Questions Cloud

Design and method in qualitative social research : Review and evaluation essay that makes explicit the research design principles and methods of the above article. The exercise will test your understanding
Outline the process for obtaining : Undertake research to determine the process for maintaining and accessing key registers. You may base your answers on research done on the internet and informat
How much euro do get if convert ruble into euro : Let's say, you have Rbl 50,000 in your pocket. How much euro do you get if you convert your ruble into euro using the cross rate you just calculated?
What is earning in usd : Blundell Biotech wants to convert it earning of CNY168.00 (million) from Chinese subsidiary into USD, what is its earning in USD (in millions)?
Calculate the canada pension plan contribution for alberta : Calculate the Canada Pension Plan (CPP) contribution. To date has had $773.40 in Canada Pension Plan contributions and $561.20 in Employment Insurance premium
What are the 7ps of marketing in service sector : What are the 7Ps of Marketing in Service Sector? Explain all 7Ps along with examples from Airline Industry.
Describe four legislative requirements : List and briefly describe four (4) legislative requirements
Is emilie an employee of the life insurance company : Is Emilie an employee of the life insurance company? Write a memo, in proper memo format, to the manager of Accounts Payable, explaining your response.
Analyze financial accounting issues using ifrs standards : Analyze financial accounting issues using IFRS standards supported by case facts and provide recommendations for each financial accounting issue.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculate the proportion of debt and equity

Calculate the proportion of debt and equity and After tax cost of debt. Coupon rate = 9%, semiannual coupons. $1 billion in outstanding debt (face value)

  Prepare journal entries to adjust the books of williams comp

Prepare journal entries to adjust the books of Williams Company at December 31, 2013. Accrued salaries and wages are $18,000 at December 31, 2013.

  What sequence should orders be filled to maximize profits

Roswell Inc has 8,000 machine hours available each month. The following information on the company's three products is available: Product 1 Product 2 Product 3 Contribution margin per unit $ 28.00 $ 57.00 $ 20.50 Machine hours per unit 3.00 2.00 1.00..

  Prepare the journal entry to record the impairment loss

On Jan. 31, 20x1, Relative Pitch Bank extended a P2,000,000 loan to XYZ, Inc. Prepare the journal entry to record the impairment loss

  Used the home-equity proceeds to purchase a car

Sylvester files as a single taxpayer during 2016 and claims one personal exemption. He itemizes deductions for regular tax purposes. He paid charitable contributions of $9,700, real estate taxes of $3,500, state income taxes of $6,000, and interest o..

  How much is the current service cost

How much is the current service cost? Increase in present value of defined benefit obligation during the year due to changes in actuarial assumptions

  How the contribution margin differs from gross profit margin

For the year ended December 31, 2020, Hot Locks Company produced and sold 20,000 hair dryers. How the contribution margin differs from gross profit margin

  Determine which assumed inventory cost flow method

Determine Which assumed inventory cost flow method. divides cost of goods available for sale by total units available for sale to determine a unit cost?

  What is the yield to maturity of a fourteen-year bond

What is the yield to maturity of a 14-year bond that pays a coupon rate of 10.92 percent per year, has a $1,000 par value, and is currently priced at $707?

  Explain what salary should start at to reach goal

Explain what salary should he start at to reach his goal? If Edward wants to earn $215,000 within the next 20 years and the salaries grow at 4.15% per year

  What is the return on assets

D Corp. has annual sales of $900,500, total debt of $250,000, total equity of $450,000, and a profit margin of 6.50 percent. What is the return on assets?

  Business transaction-repayment of the principle

Jack is a cash basis, calendar year taxpayer. Jack borrowed $10,000 from Tom in 2010 in a business transaction. The terms of the loan called for Jack to pay annual interest at 6% with the principle due in December of 2015.  What amount would Jack rec..

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