Calculate the total amount that must be remitted to canada

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Reference no: EM132788250

Problem 1: The following amounts were withheld from employees' pay cheques during the current statutory deduction remittance period: Quebec Pension Plan contributions of $10,800.00, Employment Insurance premiums of $2,540.00, Quebec Parental Insurance Plan premiums of $690.00, federal income tax of $34,500.00 and Quebec provincial income tax of $31,200.00. This employer does not qualify for a reduced Employment Insurance rate. Calculate the total amount that must be remitted to the Canada Revenue Agency for the current remittance period.

Problem 2: An employee is being paid a bonus of $2,000.00 along with her regular monthly pay of $3,980.00. She also has a monthly non-cash taxable benefit of $20.00. Calculate QPP, El and QPIP along with employer's portion.

Reference no: EM132788250

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