Calculate the Workers' Compensation premium owing for an employer in Ontario with assessable earnings equal to $295,000 annually in the Agriculture industry rate category (assume no employees exceed the maximum assessable earnings for the year). 1. 2. Calculate the Workers' Compensation premium owing for an employer in Ontario with assessable earnings equal to $295,000 annually in the Logging industry rate category (assume no employees exceed the maximum assessable earnings for the year). 3. Calculate the Worker's Compensation premlum owing for an employer in datario with assessable earnings equal to $295,000 annually in the Educational Services industry rate category (assume no employees exceed the maximum earnings for the year). 4. Calculate the provincial health tax in each of the provinces below for an employer with $4,000,000 of annual payroll based on 2021 rates: a) Manitoba b) Newfoundland and Labrador c) Ontario

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
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Chapter9: Payroll Accounting: Employer Taxes And Reports
Section: Chapter Questions
Problem 6SEB
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Description
Agriculture
Logging
Educational Services
Rate per $100
$2.88
$10.40
$0.34
1. Calculate the Workers' Compensation premium owing for an employer in Ontario with assessable
earnings equal to $295,000 annually in the Agriculture industry rate category (assume no employees
exceed the maximum assessable earnings for the year).
2. Calculate the Workers' Compensation premium owing for an employer in Ontarío with assessable
earnings equal to $295,000 annually in the Logging industry rate category (assume no employees
exceed the maximum assessable earnings for the year).
3. Calculate the Worker's Compensation premium owing for an employer in dstario with assessable
earnings equal to $295,000 annually in the Educational Services industry rate category (assume no
employees exceed the maximum earnings for the year).
4. Calculate the provincial health tax in each of the provinces below for an employer with $4,000,000
of annual payroll based on 2021 rates:
a) Manitoba
b) Newfoundland and Labrador
c) Ontario
Transcribed Image Text:Description Agriculture Logging Educational Services Rate per $100 $2.88 $10.40 $0.34 1. Calculate the Workers' Compensation premium owing for an employer in Ontario with assessable earnings equal to $295,000 annually in the Agriculture industry rate category (assume no employees exceed the maximum assessable earnings for the year). 2. Calculate the Workers' Compensation premium owing for an employer in Ontarío with assessable earnings equal to $295,000 annually in the Logging industry rate category (assume no employees exceed the maximum assessable earnings for the year). 3. Calculate the Worker's Compensation premium owing for an employer in dstario with assessable earnings equal to $295,000 annually in the Educational Services industry rate category (assume no employees exceed the maximum earnings for the year). 4. Calculate the provincial health tax in each of the provinces below for an employer with $4,000,000 of annual payroll based on 2021 rates: a) Manitoba b) Newfoundland and Labrador c) Ontario
Manitoba
Newfoundland &
Ontario
Labrador
Annual Payroll
Exemption
Taxable Portion of Payroll
$4,000,000
$4,000,000
$4,000,000
Provincial Health Tax Amount
Transcribed Image Text:Manitoba Newfoundland & Ontario Labrador Annual Payroll Exemption Taxable Portion of Payroll $4,000,000 $4,000,000 $4,000,000 Provincial Health Tax Amount
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