Question

Employee #1 Colin Forth, 40 years old

Annual Salary $80,000

Married with a 10-year-old son

Studied part-time at Humber College for 2 months, and paid tuition fees of $1,500.

Spouse, Emma has $65,000 income

Employee #2 Renata Hoover, 45 years old

Annual Salary $70,000

Studied full-time at University of Toronto for 4 months, paid tuition fees of $4,500

Renata’s 75-year-old father lives with her. Her father qualifies for disability tax credit and has no income.

Both employees have been employed since January 1, 2019.

Pay period—Semi-monthly (for example Jan. 2019 is paid on Jan.15, 2019 & Jan.31 2019).

complete the chart below

Employee	ANNUAL	Semi-monthly	GROSS	CPP	EI	FEDERAL	PROVINCIAL	Total Taxes	NET
Jul.15, 2019
Colin Forth
Renata Hoover
Total
Jul.31, 2019
Colin Forth
Renata Hoover
Total
Total (Jul,2019)
		Payroll Tax Deduction
Jul.15, 2019
Total employee portion
Total employer portion
Total remittance
Jul.31, 2019
Total employee portion
Total employer portion
Total remittance

Answer 1

Employee	ANNUAL	Semi-monthly	GROSS	CPP	EI	FEDERAL	PROVINCIAL	Total Taxes	NET
Jul.15, 2019
Colin Forth	80000	2473.62	80000	2829.9	860.22	11241	5702	16943	59366.88
Renata Hoover	70000	2298.875	70000	2829.78	860.22	7929	3208	11137	55173
Total	150000	4772.495	150000	5659.68	1720.44	19170	8910	28080	114539.9
Jul.31, 2019
Colin Forth	80000	2473.62	80000	2829.9	860.22	11241	5702	16943	59366.88
Renata Hoover	70000	2298.875	70000	2829.78	860.22	7929	3208	11137	55173
Total	150000	4772.495	150000	5659.68	1720.44	19170	8910	28080	114539.9
Total (Jul,2019)		9544.99
		Payroll Tax Deduction
Jul.15, 2019
Total employee portion		2473.62				468.375	237.583333	705.958333
Total employer portion		2298.88				330.375	133.666667	464.041667
Total remittance		4772.495
Jul.31, 2019
Total employee portion		2473.62				468.375	237.583333	705.958333
Total employer portion		2298.88				330.375	133.666667	464.041667
Total remittance		4772.495