Catchy Creations Ltd., an advertising company, operates in Manitoba and all employees live and work inManitoba. Catchy is in the process of filing their final report to the Workers' Compensation Board for2019. The year-end payroll information is as follows:EmployeeJane MarketerJimmy SloganBrent CleverMandy JingleReese SingerGross EarningsTotal Earnings$95,000109,000125,00037,50027,000Taxable benefits$3,5004,0005,000n/a500WCB has advised Catchy that its rate for 2019 is $.33 per $100 to a maximum assessable amount perindividual of $127,000. Catchy has made remittances to WCB this year totaling $968.50.

In Manitoba, The Workers Compensation Act permits the Workers Compensation Board (WCB) to combine…

Catchy Creations Ltd., an advertising company, operates in Manitoba and all employees live and work in Manitoba. Catchy is in the process of filing their final report to the Workers' Compensation Board for 2019. The year-end payroll information is as follows: Employee Jane Marketer Gross Earnings $95,000 109,000 125,000 37,500 27,000 Total Earnings Jimmy Slogan Brent Clever Mandy lingle Reese Singer Taxable benefits $3,500 4,000 5,000 n/a 500 WCB has advised Catchy that its rate for 2019 is $.33 per $100 to a maximum assessable amount per individual of $127,000. Catchy has made remittances to WCB this year totaling S968.50.

Catchy Creations Ltd., an advertising company, operates in Manitoba and all employees live and work in Manitoba. Catchy is in the process of filing their final report to the Workers' Compensation Board for 2019. The year-end payroll information is as follows: Employee Jane Marketer Gross Earnings $95,000 109,000 125,000 37,500 27,000 Total Earnings Jimmy Slogan Brent Clever Mandy lingle Reese Singer Taxable benefits $3,500 4,000 5,000 n/a 500 WCB has advised Catchy that its rate for 2019 is $.33 per $100 to a maximum assessable amount per individual of $127,000. Catchy has made remittances to WCB this year totaling S968.50.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter9: Payroll Accounting: Employer Taxes And Reports

Section: Chapter Questions

Problem 4CE

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