Calculate the late filing penalty for missing

Assignment Help Accounting Basics
Reference no: EM132942873

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: EM132942873

Questions Cloud

How incident could affect the degree to which fed changes : Discuss how this incident could affect the degree to which the FED changes their monetary policy. If there were changes, would you agree with them?
Why is canada a mixed economy : Describe what is a mixed economy linking three examples of why is Canada a mixed economy.
How could the system be improved : How could the system be improved? Consider customer feedback systems (internal and external), record-keeping, information management systems, staff attitudes, s
Staffing professional in the human resources department : Explain why it is so important to represent the organization interests, and what are some possible consequences of not doing so
Calculate the late filing penalty for missing : Calculate the late filing penalty for missing the filing deadline and explain any possible additional costs to the employer related to this oversight
Recourse under the partnership law : Advise Paul and James if they have any recourse under the partnership law. Please use case law and statute to support your answer
What is the effect on earnings : No forfeitures were anticipated; however, unexpected turnover during 2022 caused the forfeiture of 5% of the stock options. What is the effect on earnings
Calculate the investment opportunity : Make $290,000 per year for 12 years. Assume the discount rate is 7.5%. Calculate the investment opportunity. Should Praha Boat make the investment?
Examine overall marketing concept : Examine in detail overall marketing concept with regards to vision, mission. culture, value, goals and objectives

Reviews

Write a Review

Accounting Basics Questions & Answers

  Assume that an interest rate of 9 properly reflects the

hollywood tabloid needs a new state-of-the-art camera to produce its monthly magazine. the company is looking at two

  Prepare a financial statement that explains the differences

Prepare a financial statement that explains the differences between the beginning and ending balances for the accounts in the Stockholders

  Analyze business transaction and journalize the transaction

Analyze the business transaction and journalize the transaction - Doing it in a different order would make it very difficult to verify the necessary checks and balances to make sure you will balance the sheet at the end.

  Diversify swiss chocolate''s product line with steve smith

Rick White has recently discussed the intent to diversify Swiss Chocolate's product line with Steve Smith. Smith notes that the new product will be a dark chocolate candy bar featuring various types of dried fruit and a higher percentage of cacao,..

  Prepare a note amortization schedule for buffalo bank

On December 31, 2017, Flint Company signed a $ 1,038,100 note to Buffalo Bank. Prepare a note amortization schedule for Buffalo Bank

  Positive or a negative development

Why have several countries recently introduced auditor oversight bodies? Is this a positive or a negative development?

  Identify the dates on which journal entries should be made

Determine the provision that should be recognized for Chestnut's restructuring plan. Identify the dates on which journal entries should be made.

  Estimate the amount of uncollectible accounts

Estimate the amount of Uncollectible Accounts as of December 31, 20X2. What is the company's Uncollectible Accounts expense for 20X2?

  Calculate the predetermined overhead rate

Calculate the predetermined overhead rate or overhead allocation rate for each of the following different allocation bases

  Assume the same facts as those assumed for part a except

in 2013 chirac enterprises issued at par 75 1020 7 bonds each convertible into 110 shares of common stock. chirac had

  Compute pittman company break-even point

Compute Pittman Company's break-even point in sales dollars for next year assuming: The agents' commission rate remains unchanged at 15%

  Discuss the major accounting requirement of accounting

Discuss the major accounting requirement of accounting for investment properties under these accounting standards and any issues

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