Calculate the total amount that must be remitted to revenu

Assignment Help Financial Accounting
Reference no: EM132825406

The following amounts were withheld from employees' pay cheques during the current statutory deduction remittance period:

Québec Pension Plan contributions of $32,500.00,

Employment Insurance premiums of $9,000.00,

Québec Parental Insurance Plan premiums of $3,705.00 on total insurable earnings of $750,000.00,

federal income tax of $105,000.00, and

Québec provincial income tax of $90,400.00.

Problem 1: Employer contributions to the health services fund were $41,250.00 and employer Commission des normes, travail premiums were $8,500.00. Calculate the total amount that must be remitted to Revenu Québec for the current remittance period.

Reference no: EM132825406

Questions Cloud

What are the four elements of ethics programs : What are the four elements of ethics programs? Discuss what you think are two ethical issues that may/do permeate HR management.
Describe the key goods and services selected organization : Describe the key goods and services your selected organization provides. Include information about where, why, and for whom they are provided.
What is the total profit : What is the total profit? How is it taxed if the trader is (a) a hedger and (b) a speculator? Assume that the trader has a December 31-year end
Approaches to the strategic planning process : Compare and contrast the three approaches to the strategic planning process. One is for organizations in general, another for businesses in particular
Calculate the total amount that must be remitted to revenu : Commission des normes, travail premiums were $8,500.00. Calculate the total amount that must be remitted to Revenu Québec for the current remittance period.
Discuss first stages of recruitment and selection process : Discuss the first TWO stages of the recruitment and selection process that Mr. Charles can use in his organization to improve the company
Calculate the cost of each asset : A bank loan of $2,000,000 with interest of 8% was outstanding for the entire 2020 year. Calculate the cost of each asset
What reason is any accumulated income perceived : What reason is any accumulated income perceived if the procuring cycle isn't generously finished? The income acknowledgment rule gives formal direction
Color hue spectrum and color saturation spectrum : The judgement involved with selecting the right amount of color for a particular application can be daunting. Color Hue Spectrum-Color Saturation Spectrum

Reviews

Write a Review

Financial Accounting Questions & Answers

  Explain what is meant by the lifo reserve account

Explain what is meant by the LIFO reserve account. How does LIFO subtract inflation from inventory costs? Explain how the cash flow of $174,400 in this example was computed. Explain why this amount may not be correct.

  What are financial markets

What function do they perform?

  Find what is the total of the trial balance

If all of the accounts have normal balances, what is the total of the trial balance? Jelly's Grocery Store showed account balances at the end of 2020

  What is similar between cash dividend and stock dividend

What is similar between cash dividend and stock dividend , why the corporations going to stock dividend explain the reasons , types.

  How much interest would be recorded

How much interest would be recorded for the year ending December 31 if the sale was made on August 1?

  What is the present value of gift

Schwartz Family Endowment ,The first payment will occur 4 years from today. If the interest rate is 4.1% per year, what is the present value of your gift?

  Illustrate what is the company total tax liability

Illustrate what is the company's total tax liability to both jurisdictions for each of the two alternative transfer pricing scenarios?

  Define terms fob destinations

Define terms FOB destinations, FOB shipping point,title ,risk of loss. How do these terms relate to firms revenue recognition practices?

  Find what is current cost of equity capital for the company

Find What is current cost of equity capital for the company if the cost of debt for the company is 9 per cent, given that the company is financed by 90 per cent

  Explain how the event affects corey assets liabilities

Construct Corey’s balance sheet and calculate his net worth. For each remaining part, explain how the event affects Corey’s assets, liabilities and wealth

  How much is the carrying value of the investment

On April 1, 2020, UY Corporation purchased 30% of the voting rights in YI Company for P5,000,000. How much is the carrying value of the investment

  Three types of pans requires use of special machine

Behar Company makes three types of stainless steel frying pans. Each of the three types of pans requires use of a special machine that has total operating capacity of 163,200 hours per year. The marketing manager has determined that the company can s..

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