An employee has been earning $18/hr and regularly works 100 hours each monthly pay period....
80.2K
Verified Solution
Link Copied!
Question
Accounting
An employee has been earning $18/hr and regularly works 100 hours each monthly pay period. Due to the completion of union negotiations, as of October 1st, she will now earn $19.80/hr retro-actively, effective from April 30th. Assume the employee was being taxed @ 20% before her increase and will now be taxed @ 25%.
Note: the employee will not max out CPP & EI deductions. Ignore vacation.
Required:
Calculate the gross retro-active payment owing and all applicable statutory deductions, assuming the employee will receive the retro-pay on a separate cheque from her regular monthly earnings.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
