Officer of your northern travel experience company

Assignment Help Accounting Basics
Reference no: EM131135396

Mary Lapointe, the Chief Financial Officer of your Northern Travel Experience company, has advised that the company will be opening an office in Nunavut this year. The office will offer guided northern trips to hunters and adventurers. It expects to mainly employ local guides (40 days over the summer period) but the company will also be periodically bringing in guides from its offices in Alberta, British Columbia and Québec. Some of the guides from outside Nunavut may work 10 days, others could work 15 days over the summer depending on the number of bookings; they normally work in their home province for 60 days every year. The average daily rate paid to these guides is $400.

Mary is asking for information on the Nunavut Payroll Tax. Who pays the tax and how is it calculated? Are there any special considerations or challenges for the calculation of the payroll tax for the guides brought in from Alberta, British Columbia and Québec? What are the reporting and remitting requirements during the year? What are the reporting requirements at year-end? Provide examples based on the information provided in the assignment to clarify.

Reference no: EM131135396

Questions Cloud

Determine two specific forces in the external environment : Determine two specific forces in the external environment that will have the most impact on your organization. Provide a rationale for your decision.
Distinguish between acts of omission and acts of commission : Providing at least one example, briefly discuss the notion that laws can be immoral. - Briefly distinguish between acts of omission and acts of commission, providing at least one example of each.
Calculate the physical units to account : LO.2, LO.3, & LO.6 (WA & FIFO EUP) On April 30, 2010, Alvira Co. had 21,600 units in process that were 85 percent complete as to material, 60 percent complete as to direct labor, and 45 percent complete as to overhead.
Principles and talent development theories : How has your approach to and the concept of your talent development style evolved as a result of your study in this module? What specific tools, principles and talent development theories have influenced and/or shaped your Personal Development Portfo..
Officer of your northern travel experience company : Mary Lapointe, the Chief Financial Officer of your Northern Travel Experience company, has advised that the company will be opening an office in Nunavut this year. The office will offer guided northern trips to hunters and adventurers.
Explain the importance of situating a society cultural : Explain how key social, cultural, and artistic contributions contribute to historical changes. Explain the importance of situating a society's cultural and artistic expressions within a historical context.
Evaluate the financial statements and the financial position : Evaluate the financial statements and the financial position of health care institutions. Describe the overall planning process and the key components of the financial plan.
Compute the additional net income or loss expected : Jumping Java Inc. currently sells gourmet coffee through multiple outlets. You are a consultant, and the company is asking you for guidance for two possible plans, A or B, for expanding sales.
Organizations need to go global in order to stay competitive : Give two (2) reasons explaining why you think organizations have an advantage going global now as compared to twenty years ago. Explain whether or not you think organizations need to go global in order to stay competitive.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the weighted-average interest rate

Hanson Company (see BE10-2) borrowed $1,000,000 on March 1 on a 5-year, 12% note to help finance construction of the building.

  Entity relationship problems

Draw the entities and the minimum and maximum cardinalities for the two entities described in each problem. Some problems specify the entities that you should draw. Read each problem carefully

  Myers cost of new external equity

The company needs to issue new stock in order to fund its upcoming projects, and investment bankers estimate that the flotation cost will be 4%. What is Myers' cost of new external equity?

  Summarising purpose of corporate sustainability reporting

ACCT20074 Contemporary Accounting Theory. Provide a report summarising the purpose of Corporate Sustainability Reporting (CSR) by referring to the Global Reporting Initiatives' (GRI) Sustainability Framework (G3.1)

  Imagine you have passed your cpa exam and are now employed

imagine you have passed your cpa exam and are now employed by a fortuneacircreg 500 company. your boss tells you that

  Types of tax law guidance

What role does the Internal Revenue Service play in interpreting, and providing guidance on, the tax law? What types of tax law guidance are published by the IRS?

  Financial management challenges and ethics

Find at least two articles from the Ashford University Library that highlight and discuss two of the biggest challenges facing financial managers today.

  What amount will be in the fund immediately

What amount will be in the fund immediately after the last deposit?

  Determine the cost of the units completed and transferred

determine the cost of the units completed and transferred to the blending department during may. round your

  What is the depreciation base of asset

The estimated salvage value is $20,000, and the estimated useful life is 10 years. The straight-line method will be used for depreciation. What is the depreciation base of this asset?

  Individual assignment system evaluation

how the business requirements drove the system's initial development.Describe the type and basic uses of the system,

  However one of these customers subsequently made a payment

supreme sales company which sells only on account had a 100000 balance in its accounts receivable and a 4000 balance in

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