PRL3 Federal Remittances
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How is an organization’s remittance frequency determined? (3 marks)
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Complete the following chart: (5 marks)
REMITTER TYPE |
DEFINITION |
For employers whose average monthly remittance is from $15,000.00 to $49,999.99 |
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For employers whose average monthly remittance is less than $3,000.00 |
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For employers whose average monthly remittance is $50,000.00 or more |
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For employers whose average monthly remittance is from $3,000.00 to $14,999.99 |
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For new employers |
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True or false. Deadlines for remitting the federal statutory deductions are based on the actual date of the payroll cheque/deposit, not on the pay period ending date. (1 mark)
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Complete the following chart with the remittance due date using the current year calendar, provided in your student guide: (10 marks)
PAY PERIOD ENDING DATE |
PAY DATE |
REMITTER TYPE |
REMITTANCE DUE DATE |
January 12 |
January 19 |
Quarterly |
|
February 23 |
March 2 |
Accelerated threshold 1 |
|
March 15 |
March 15 |
Regular |
|
June 29 |
June 29 |
Accelerated threshold 1 |
|
July 13 |
July 20 |
Accelerated threshold 2 |
|
August 31 |
September 7 |
Regular |
DETAILED ASSIGNMENT
20210401075007prl3___assignment__1___federal_remittances_2021__1_
