1. a) Differentiate vesting sick leave and non-vesting sick leave. b) Provide two examples of long-term employee benefits

Take me to the text An employee had $24,300 in gross earnings up to February 20, 2021. She has the following information for her pay for the week ending February 27, 2021. Her employer contributes 100% toward CPP and 140 % toward El. Vacation pay is accrued at 4% of gross pay. Workers' Compensation is 1% of gross pay. Item Amount Hours 36 Hourly Rate $16.20 Income Tax $116.64 Canada Pension Plan $28.12 Employment Insurance $9.21 Union Dues $10.00 Charitable Donations $20.00 Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. For transactions with more than one debit or more than one credit, enter the debit accounts in alphabetical order followed by credit accounts in alphabetical order.

1. An industry employees 450 workers during the month of Decemcber 2019.The following arethe details of Expenditure as follows .Cost of material=$ 86000, Rate of wages for each employee =$ 3 per hour of normal duty and $ 6per hour of overtime duty. Man hours per day of normal duty= 8 hours. Number of holidays per month (with out wages)=6 days. Total over head expenses = $23000.The workers were paid overtime for 375 hours. Calculate (i) Total cost/month (ii) Man hour rate on costs …..

Dainty Ltd has an average weekly payroll of $200 000. The employees are entitled to 2 weeks', non- vesting sick leave per annum. Past experience suggests that 56% of employees will take the full 2 weeks' sick leave and 22% will take 1 week's leave each year. The rest of the employees take no sick leave. Required: Calculate the expected annual sick-leave expense for Dainty Ltd (on the basis of average salaries).  Provide the journal entry necessary to recognise the sick-leave entitlement expense as it accrues each week.  In the current week an employee with a weekly salary of $600 has been off sick for the first time this year. The employee took 2 days off out of her normal 5-day working week. Assuming that PAYG tax is deducted at 30%, what would the entry be to record the employee's weekly salary (round amounts to the nearest dollar)?

National Storage employs 88 workers with a gross monthly payroll of $135,000. Fringe benefits are 8.8% of payroll for a profit sharing plan and $9.21 per employee for life insurance. What percent of payroll is the total cost of fringe benefits? Round your answer to the neareat tenth of a percent.

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East Coast DVD employs 54 workers with a gross biweekly payroll of $94,126.00. Fringe benefits are $14.18 per employee for life insurance and 12.3% of payroll for a stock purchase plan. What is the total cost of fringe benefits? O $3,085.80 O $6,171.61 O $12,343.22 O $104,342.22

DSD Corp. has the following salary information for 3 employees: Employee Years Worked Avg. Salary last 3 years of service Career avg. salary Sheila 15 $45,000 $40,000 Jake Bobby 20 $150,000 $110,000 25 $325,000 $200,000 If relevant, the annual payout is 5%, and the annual benefit is $3,000 per year of service. Calculate the annual benefit for each employee assuming Final pay formula A. Employee Annual Benefit Sheila Jake Bobby $33,750 $125,000 $406,250 B. Employee Annual Benefit Sheila Jake Bobby O C. Employee Annual Benefit $33,750 $150,000 $407,250 Sheila Jake Bobby $43,750 $150,000 $406,250 D. Employee Annual Benefit Sheila $33,750 Jake Bobby $150,000 $406,250

An employee has year-to-date earnings of $143,500. The employee's gross pay for the next pay period is $6,300. If the FICA-OASDI is 6.2% and the wage base is $147,000, how much FICA OASDI tax will be withheld from the employee's pay? (Answer is rounded to whole dollar.) A. $391 B. $265 C. $217 ○ D. $91

Pina Colada Limited began operations on January 2, 2022. Pina Colada employs 9 individuals who work eight-hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows: Actual Hourly Wage Rate 2022 2023 $20.00 $22.00 2022 Vacation Days Used by Each Employee 2023 2022 Year in Which Vacation Time Was Earned 0 Liability for sick pay Liability for vacation pay Assume that Pina Colada Limited has chosen not to recognize paid sick leave until it is used, and has chosen to accrue vacation time at expected future rates of pay without discounting. Pina Colada uses the following projected rates to accrue vacation time: tA $ 2023 tA 8 $ Sick Days Used by Each Employee Calculate the amounts of any liability for vacation pay and sick days that…