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Calculate the total amount to be remitted to canada revenue

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Reference no: EM133180929

Question - ABC Craft 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, 2018

Employee Canada Pension Plan contributions - $25,890.00

Employee Employment Insurance premiums - $21,890.00

Employee Income Tax deductions - $54,550.00

October 29th, 2018

Employee Canada Pension Plan contributions - $26,310.00

Employee Employment Insurance premiums - $22,910.00

Employee Income Tax deductions - $50,150.00

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?

Reference no: EM133180929

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