In what months will the El employee deduction be zero

Assignment Help Accounting Basics
Reference no: EM133187128

Question - One of your employees receives an annual salary of $83,500. The only deductions from his paycheque are federal and BC tax, CPP, and EI.

(a) In what months will the CPP deduction be zero?

(b) In what months will the El employee deduction be zero?

(c) What is the amount of El employer deduction in August?

Reference no: EM133187128

Questions Cloud

What is the amount of uncollectible accounts expense : The accounts receivable indicates the estimated uncollectible portion to be $7,400. What is the amount of uncollectible accounts expense
Definition of quality for the organization : You are working for an organization that helps companies measure and improve quality. Your team has been engaged by a company that wants to improve quality.
Determine the material price variance : The cost of gold purchased and used in March was $780,000 at $1,040 per ounce. Determine the material price variance and the material quantity variance
Calculate Marigold asset turnover : Marigold Design Works generated $560,680 in operating income on sales revenue of $2,803,400. Calculate Marigold asset turnover
In what months will the El employee deduction be zero : Question - One of your employees receives an annual salary of $83,500. In what months will the El employee deduction be zero
How you will generate revenue : Imagine your investor about how you will generate revenue (business model) and the operations that will enable it. Your own personal finances, those of your fri
Establish effective workplace relationship processes : Establish effective workplace relationship processes - develop conflict management processes to identify and handle conflicts at Bounce Fitness as a simulated
Briefly explain the relevance of interpersonal styles : Briefly explain how each concept listed below is relevant to workplace relationships and Briefly explain the relevance of interpersonal styles to work relations
How much money should be invested in an account : How much money should be invested in an account that earns 6% interest, compounded monthly, in order to have $15,000 in 5 years

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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