Description Complete questions 7 and on to end of pdf, which is about 3 questions in all. In regards to EI employer and employee contributions and deductions. Based on Alberta 2020. 1 attachmentsSlide 1 of 1attachment_1attachment_1.slider-slide > img { width: 100%; display: block; } .slider-slide > img:focus { margin: auto; } Unformatted Attachment Preview Payroll Basics Quiz #3 Name: ______________________________ Date: ________________________ Answer the following questions: List some of the Employment Insurance benefits Define Hours of insurable employment 1 List some amounts and benefits that are subject to EI premiums. . 2 Part 2 .a) Convert the following Annual Salaries Monthly a) b) c) d) e) Semi Monthly Biweekly Weekly $55,000.00 $40,000.00 $37,500.00 $24,000.00 $96,000.00 3 7. Weekly Cash Salary a) b) c) d) e) $ 1,225.00 $ 1,500.00 $ 425.00 $ 750.00 $ 1,180.00 Biweekly Salary a) b) c) d) e) 8. $ 2,572.50 $ 3,150.00 $ 892.50 $ 1,575.00 $ 2,478.00 $ 15.00 $ 3.80 $ 10.00 $ $ 11.00 $ 25.00 Cash Tax $ 40.00 $ 75.00 $ 25.00 – Allowance Ben $ 15.00 $ 3.80 $ 10.00 $ $ 11.00 $ 25.00 Cash Tax $ 40.00 $ 75.00 $ 25.00 $ EI Emp Ded Emp Cont Emp Ded EI Emp Cont Emp Ded EI Emp Cont Tax Allowance Ben $ EI – Semi Monthly Salary a) $ 5,788.13 Allowance Ben $ 80.00 $ 5.70 4 b) c) d) e) $ 7,087.50 $ 2,008.13 $ 3,543.75 $ 5,575.50 $ 30.00 $ 15.00 $ $ 16.50 $ 37.50 Cash Tax $ 150.00 $ 50.00 $ – Monthly Salary Allowance Ben a) $10,418.63 $ 144.00 b) $ 270.00 d) $12,757.50 $ 3,614.63 $ 6,378.75 e) $10,035.90 $ 54.00 c) $ 90.00 $ – Emp Ded EI Emp Cont EI Reduced Rate 1.27 Emp Emp Ded Cont $ 10.26 $ 27.00 $ $ 29.70 $ 67.50 How many insurable Hours would a person get for the following: a) b) c) d) e) f) g) h) i) 40 Hrs Regular 5 Hrs OT – paid 40 Hrs Regular 5 hours OT – banked 8 hour day for wkly, biweekly, semi monthly, monthly 7.5 hour day for wkly, biweekly, semi monthly, monthly On 1 week paid vacation normally 8 hour day Worked 4 hours on Labour Day Worked 10 hours on Labour day Worked 4 out of 5 days and took 5th day as Banked day Worked 2 weeks of Midnight shift instead of Mornings getting a 10% increase on 20hr rate. Regular work week is 40 hrs. 5 References: 1 Employers’ Guide -Payroll Deductions and Remittances (T4001 (E) Rev. 12) Source: CRA 2 A note on Canada Pension Plan Source – Service Canada http://www.servicecanada.gc.ca/eng/sc/cpp/index.shtml 3 A note on Employment Insurance Source – Service Canada http://www.servicecanada.gc.ca/eng/sc/ei/index.shtml 4 Income Tax Act -Published by the Minister of Justice at the following address: http://laws-lois.justice.gc.ca 6 Purchase answer to see full attachment Tags: insurance benefits employee contributions Paid vacations Employee deductions insurable employment User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.

Description

Complete questions 7 and on to end of pdf, which is about 3 questions in all. In regards to EI employer and employee contributions and deductions. Based on Alberta 2020.

1 attachmentsSlide 1 of 1attachment_1attachment_1.slider-slide > img { width: 100%; display: block; }
.slider-slide > img:focus { margin: auto; }

Unformatted Attachment Preview

Payroll Basics Quiz #3
Name: ______________________________ Date: ________________________
Answer the following questions:
List some of the Employment Insurance benefits
Define Hours of insurable employment
1
List some amounts and benefits that are subject to EI premiums.
.
2
Part 2
.a)
Convert the following Annual Salaries
Monthly
a)
b)
c)
d)
e)
Semi
Monthly
Biweekly Weekly
$55,000.00
$40,000.00
$37,500.00
$24,000.00
$96,000.00
3
7.
Weekly
Cash
Salary
a)
b)
c)
d)
e)
$
1,225.00
$
1,500.00
$
425.00
$
750.00
$
1,180.00
Biweekly
Salary
a)
b)
c)
d)
e)
8.
$
2,572.50
$
3,150.00
$
892.50
$
1,575.00
$
2,478.00
$ 15.00
$
3.80
$
10.00
$
$
11.00
$
25.00
Cash
Tax
$ 40.00
$ 75.00
$ 25.00
–
Allowance Ben
$ 15.00
$
3.80
$
10.00
$
$
11.00
$
25.00
Cash
Tax
$ 40.00
$ 75.00
$ 25.00
$
EI
Emp
Ded
Emp
Cont
Emp
Ded
EI
Emp
Cont
Emp
Ded
EI
Emp
Cont
Tax
Allowance Ben
$
EI
–
Semi Monthly
Salary
a)
$
5,788.13
Allowance Ben
$ 80.00
$
5.70
4
b)
c)
d)
e)
$
7,087.50
$
2,008.13
$
3,543.75
$
5,575.50
$ 30.00
$
15.00
$
$
16.50
$
37.50
Cash
Tax
$ 150.00
$ 50.00
$
–
Monthly
Salary
Allowance Ben
a)
$10,418.63
$ 144.00
b)
$ 270.00
d)
$12,757.50
$
3,614.63
$
6,378.75
e)
$10,035.90
$ 54.00
c)
$ 90.00
$
–
Emp
Ded
EI
Emp
Cont
EI Reduced
Rate 1.27
Emp
Emp
Ded
Cont
$
10.26
$
27.00
$
$
29.70
$
67.50
How many insurable Hours would a person get for the following:
a)
b)
c)
d)
e)
f)
g)
h)
i)
40 Hrs Regular 5 Hrs OT – paid
40 Hrs Regular 5 hours OT – banked
8 hour day for wkly, biweekly, semi monthly, monthly
7.5 hour day for wkly, biweekly, semi monthly, monthly
On 1 week paid vacation normally 8 hour day
Worked 4 hours on Labour Day
Worked 10 hours on Labour day
Worked 4 out of 5 days and took 5th day as Banked day
Worked 2 weeks of Midnight shift instead of Mornings getting a 10% increase on
20hr rate. Regular work week is 40 hrs.
5
References:
1 Employers’ Guide -Payroll Deductions and Remittances (T4001 (E) Rev.
12) Source: CRA
2 A note on Canada Pension Plan Source – Service Canada
http://www.servicecanada.gc.ca/eng/sc/cpp/index.shtml
3 A note on Employment Insurance Source – Service Canada
http://www.servicecanada.gc.ca/eng/sc/ei/index.shtml
4 Income Tax Act -Published by the Minister of Justice at the following address:
http://laws-lois.justice.gc.ca
6

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Tags:
insurance benefits

employee contributions

Paid vacations

Employee deductions

insurable employment

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