Calculate the net pay to bethany

Assignment Help Financial Accounting
Reference no: EM133328145

Question: Bethany Stevens is an employee in Ontario. The employee is paid bi-weekly. The employee earns an annual salary of $68,000. The salary amount includes all vacation pay, overtime pay and statutory holiday pay. The employee has a monthly non-cash taxable benefit for rental housing of $600 per month. The employee has a wage garnishment of $250 per pay cycle. The employee contributes $200 per pay to a RRSP pay. The RRSP is deducted by the employer from the employee's gross wages and remitted to the pension plan trustee. The employee has not reached the maximum pensionable and insurable earnings for the year. For purposes of simplicity, use a combined federal and provincial tax rate of 18%. Use the 2022 rates for CPP and EI. Show your calculations and calculate the net pay to Bethany.

Reference no: EM133328145

Questions Cloud

Difference between these different types of companies : explain the difference between raw material inventory, work-in-progress, and finished goods inventory. Why do manufacturing companies maintain
Processes of italian and german unification : Compare and contrast the processes of Italian and German unification.
Describe the country pattern of commodity trade : Find the factor endowments vector for this country. Describe the country's pattern of commodity trade. Show that the trade balance is zero.
Model code of ethics for educators and professional : hat should you do next to protect the student's privacy? Include evidence from Model Code of Ethics for Educators and Professional Dispositions of Learners.
Calculate the net pay to bethany : use a combined federal and provincial tax rate of 18%. Use the 2022 rates for CPP and EI. Show your calculations and calculate the net pay to Bethany
What type of international payment is most risky to a buyer : Describe which type of international payment poses the highest risk to a seller and explain why.What type of international payment is most risky to a buyer?
The european union is economic union : The European Union is an economic union, not a political one. The Normandy landing was first important battle in which Nazi Germany suffered a decisive defeat.
Advantages and disadvantages of each type of investment : What are the advantages and disadvantages of each type of investment and Recommend one type of investment over the others to Stella and justify your reason
Which product has the highest segment margin percentage : NEED segmented contribution margin statement for the year based on product line and Which product has the highest segment margin percentage

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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