Determine the statutory deductions


Response to the following problem:

Glorious Fashions is a retail organization with offices and boutiques in Ontario and Québec. The organization started operations in 1978 and currently has an approximate annual payroll of $12,000,000 in each jurisdiction.

The organization is considering terminating the employment of five employees at each location. To assist with forecasting the budget for the balance of the year, Susan Little, the Director of Finance has asked you, as the Payroll Supervisor, to provide her with the details on all legislated payments on termination of employment required for each jurisdiction.

In addition to the required payments on termination, include any employer costs related to the employees' statutory deductions.

 

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Managerial Accounting: Determine the statutory deductions
Reference No:- TGS02122417

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