Reference no: EM133188613
Question - XYZ Trucking Co. has a bi-weekly payroll with an average monthly withholding amount for the second preceding calendar year exceeding $100,000.00. The payroll deductions are listed below, and the employer does not have a reduced Employment Insurance rate.
October 15th
Employee Canada Pension Plan contributions - $29,350.00
Employee Employment Insurance premiums - $20,060.00
Employee Income Tax deductions - $54,290.00
October 29th
Employee Canada Pension Plan contributions - $28,880.00
Employee Employment Insurance premiums - $22,620.00
Employee Income Tax deductions - $45,970.00
November 12th
Employee Canada Pension Plan contributions - $29,690.00
Employee Employment Insurance premiums - $19,660.00
Employee Income Tax deductions - $51,960.00
Required -
1. Calculate the total amount to be remitted to the Canada Revenue Agency for the October 15th pay date. When would the October 15th CRA remittance be due?
2. Calculate the total amount to be remitted to the Canada Revenue Agency for the October 29th pay date. When would the October 29th CRA remittance be due?
3. Calculate the total amount to be remitted to the Canada Revenue Agency for the November 12th pay date. When would the November 12th CRA remittance be due?
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