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

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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