User Account

All Pages

Create earnings record for charlie supporting his payroll

Assignment Help Financial Management
Reference no: EM132385596

Question

Case 8 - Irregular Payments

Charlie, a salesman, earns $56,800 per annum. He is paid semi-monthly and qualifies under Claim Code 3.

On May 1st he received a commission payment of $2,750 and on October 31st, he received another in the amount of $9,250.

These payments were made on a separate cheque and issued after his regular semi-monthly earnings.

Required:

Create earnings record for Charlie supporting his payroll deductions, (refer to Lesson 5 for templates). In addition, specifically detail calculations for CPP, EI & Taxes that must be deducted for each of the commission payments.

NOTE: required calculations using the 'bonus method' for income tax can be referenced in the Employer Guide to Payroll Deductions & Remittances.

Reference no: EM132385596

Questions Cloud

What should have been done to prevent the destruction : What should have been done to prevent the destruction of electronic evidence contained on a company's computers? Yuens action destroyed needed electronic.
What was the balance in unearned revenue at december : If $1,560 was received inJanuary for services performed in January, what was the balance in Unearned Revenue at December 31, 2016?
How hackers benefit from stealing medical records : Write an essay of at least 500 words analyzing explaining how hackers benefit from stealing medical records. Use an example from the news.
Which arguments can be made in favor of entrapment : In looking at the case of Internet entrapment involving a pedophile that was discussed in this chapter (a) which arguments can be made in favor of entrapment.
Create earnings record for charlie supporting his payroll : Create earnings record for Charlie supporting his payroll deductions. Charlie, a salesman, earns $56,800 per annum. He is paid semi-monthly and qualifies.
Distinguish between changes that affect consistency : Distinguish between changes that affect consistency and those that may affect comparability but not consistency. Give an example of each.
How will cost be affected by features modification : How will cost be affected by features modification? How will the overall time frame of the project be affected by the changes? What are the dependencies?
Prepare the stockholders equity section of the balance sheet : Riverbed Corp has issued 110,000 shares of $5 par value common stock. It was authorized 499,000 shares. The paid-in capital in excess of par value.
Discuss translation of financial statements of affiliates : Briefly discuss the translation of financial statements of foreign affiliates and accounting for operations in foreign countries. The response paper should be.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd