User Account

All Pages

Calculate the late filing penalty

Assignment Help Financial Accounting
Reference no: EM132821874

Question - Each jurisdiction outlines late filing penalties for the annual statement of payroll for workers' compensation.

Your organization operates in Saskatchewan. You filed your annual Employer Payroll Statement on March 30th of the current year (see Current Year calendar in the course material). The total assessable earnings for the previous year were $925,188.15. The assessment rate per $100 for your organization is $1.41.

During the first week of March, two of your employees were injured at work.

Calculate the late filing penalty for missing the filing deadline and explain any possible additional costs to the employer related to this oversight.

What process will you put in place for next year to avoid this issue?

Reference no: EM132821874

Questions Cloud

Describe ways to develop professionally in the field : Describe ways to develop professionally in the field. Describe how a mental health and wellness worker can coordinate care between providers in an integrated.
Describe three artificial intelligence applications : List and describe three artificial intelligence (AI) applications that can help to detect overstatements of revenues and expenses
Health care system : No other country in the world has a health care system like that of the United States.
Business models from inpatient to outpatient services : A paradigm shift is occurring as more and more health care organizations are reorganizing existing business models from inpatient to outpatient services.
Calculate the late filing penalty : Calculate the late filing penalty for missing the filing deadline and explain any possible additional costs to the employer related to this oversight
Draw time line that depict davenport expected service period : Draw a time line that depicts Davenport's expected service period, retirement period, and a 2021 measurement date for the pension obligation
Develop a plan for what curtiz should do : Using the case study, Diego Curtiz at Highland State University, from your Organizational Change: An Action-Oriented Toolkittext, imagine that Curtiz has.
Discuss the nature of social and labor issues : Discuss the nature of social and labor issues that domestic manufacturers will likely face with their international suppliers.
Define greatest challenge as you work to complete project : What do you think will be your greatest challenge as you work to complete this project? For example, will it be time management, writing skills, tackling.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare general journal entry to record payments of interest

Prepare general journal entries to record the payments of interest and the repayment of principal. Prepare general journal entries to record the issue

  When does the holding period start for that equipment

Debbie owns office equipment with a basis of $300,000 and a holding period starting on May 10, 2004. Debbie exchanges the equipment for other office equipment owned by Doug on July 23, 2015. Doug’s equipment has an FMV of $500,000. Both Debbie and Do..

  Determine the amounts of each of common dividends-property

Determine the amounts of each of the following items. Show supporting calculations. Prior period adjustment, Preferred dividends, Common dividends-cash and Common dividends-property.

  Determine what is the fair market value of one share

Using your result from above, Determine what is the fair market value of one share of BCD stock? The par value of BCD stock is $0.75

  Two service departments

Dean Corporation has two service departments, Power and Maintenance, and two production departments, Painting and Polishing. The following data have been estimated for next year’s operations:

  How much will have at the end of three years

How much will you have at the end of 3 years if the bank is paying 6% annually (there is no compounding)? You have decided to invest in a saving plan.

  Should purchase the bond at the current market price

What is the value of the bonds to you given the yield to maturity on a comparable-risk bond? Should you purchase the bond at the current market price?

  Should the city build the stadium

The city of Toledo has received a proposal to build a new multipurpose outdoor sports stadium. The expected life of the stadium is 20 years. It will be financed by a 20-year bond paying 8% interest annually. Should the city build the stadium?

  State the purpose of bank services

State the purpose of Bank Services. Do you need Bank Services and is it possible to complete transaction without the Bank Services Module?

  What is the effect of the dividend on common stock

What is the effect of the dividend on Common Stock? A company issued 100,000 shares of $1 par value stock for $25 per share. Subsequently, the company declared

  What should be the price of the firm common stock in january

What should be the price of the firm's common stock in January 20X2? On January 1, 20X1, International Copy Machines (ICOM), one of the favorites of the stock.

  Used to calculate cost of goods sold during the period

Which of the following equations is used to calculate cost of goods sold during the period? Work-in-process inventory is composed of: Holden Industries began July with a finished-goods inventory of $48,000. The finished-goods inventory at the end of ..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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