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Maritime Industries is a fabrication business located in Toronto, Ontario. The following payroll information for the week ended August 21, 2020. All employees donate $20 to the United Way and contributes $100 to RRSP weekly. All employees are paid weekly taxable telephone allowance $70 and nontaxable lunch allowance $ 100.
The employees' annual standard earnings are given below. Garnett $1,20,000Kelly $90,000Molloy 75,000Whiting, $50,000Tommy $45,000
Problem 1: Complete the payroll register showing Gross Pay, Net pay, Total payroll liability if they are paid
1. Weekly 2. Biweekly 3 Semi Monthly 4. MonthlyNote: Use the payroll tables for all your calculations. (you need to prepare all four tables for all 4 periods)Hint: 1. gross earnings - total deductions = net pay.2. Total deductions = statutory deductions + voluntary deductions3. CPP is calculated on contributory earnings4. EI is calculated on insurable earnings5. Income tax is calculated on taxable earnings.
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