Description
It is a case study of payroll and taxes subject. It is a very short assignment and have five days. IT SHOULD BE DONE ACCORDING TO WINNIPEG, MANITOBA CANADA 2022 only(2022 rates) . Please refer to the images Screenshots for a better understanding.
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HUMR- 1007 Payroll and Taxable Benefits
Case Study 1 (Version 2)
Don Bedson is a welder who works for the Iron Strong Company in Winnipeg. Don is paid on a
hourly basis at $19.45 per hour and normally works Monday to Friday, at 8 hours per day.
During vacation time or peak periods, Don may work longer hours, and any hours in excess of 8
per day or 40 per week, he is paid at one-and-one-half times his regular rate of pay.
Don is paid on weekly basis every Monday, following his pay week, which runs from Sunday to
Saturday.
Don has been working with the company since Aug 27, 2015.
Don has a low interest loan with the company, which has a taxable benefit component of $6.38
for each weekly pay and a loan deduction of $68.00 each pay.
Iron Strong is a unionized company and all employees pay union dues on each pay which are
equal to their current rate per hour.
Iron Strong also pays life insurance coverage for all employees and the taxable benefit is added
on to each weekly pay. For Don, his life insurance premium is $15.00 per month.
Don also pays $50.00 per pay to a group RRSP.
Calculate the net pay for each of the following weeks showing all deductions. Don is claiming
basic exemptions on his TD1 forms and is claim code #1.
This is his first pay of the year for 2022.
Don’s hours worked:
Week
One
Two
Sunday
0
0
Monday
8
8
Tuesday
8
8
Wednesday Thursday
11
8
8
8
For Week One:
Please show your work using 2022 rates for CPP, EI and Income Taxes
Regular hours
Friday
8
8
Saturday
2
0
Overtime Hours
Total Gross Pay_
__________________________________
Tax Ben
Tax Ben ______________________________________
Gross Taxable________________________________
Net Taxable______________________________
CPP________________________________
EI______________________________
FED TAX________________________________
PROV TAX_________________________________
Total deductions
Net Pay____________________________
For Week Two:
Regular hours
2
Overtime Hours
Total Gross Pay
Tax Ben __________________________________________
Tax Ben __________________________________
Gross Taxable_________________________________
Net Taxable
CPP
EI
FED TAX_______________________________
PROV TAX______________________________
Total Deductions:_________________________________________________
Net Pay______________________________
3
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