Accounting Question

(1)  Compliance with Statutory Remittances

Read the background information and question carefully. Enter your best response for the memo question

Your Manager, Jessica Boyer, has asked you to prepare a memo detailing the remittance responsibilities and legal consequences of non-compliance with statutory remittance requirements.

(1)  Self-administered Benefit Billing Processes

Read the background information and question carefully. Enter your best response for the memo question

The organization you work for is changing their benefit plan system from billed to self-administered effective December 1 of this year. As the Payroll Manager, prepare a memo for your department outlining the new processes required to administer the plan.

(1)  Calculating Workers’ Compensation Assessments

Read the background information and question carefully. Enter your best response for the memo question

You are the Payroll Administrator in a multi-jurisdictional organization that has employees across Canada. In addition to the regular financial aspects of the audit this year, the auditors for your organization are looking at the processes in place in certain areas of the Payroll Department. To speed up the process, the Payroll Manager is preparing documentation for the auditors to follow that outline various processes. Please prepare a memo for her outlining the general procedures for calculating the Workers’ Compensation assessment in all jurisdictions to be included in the documentation for the auditors.

Outline – Workers’ Compensation Assessment Essay

General procedures for calculating the Workers’ Compensation Assessment in all jurisdictions

Discuss/explain the formula to calculate the Workers’ Compensation Assessment by:

  • State the formula to calculate the Workers’ Compensation Assessment

  • Explain how to calculate the Assessable Payroll or the Total Assessable Earnings

  • Determination of Premium Rate

  • Provide an example as conclusion. See page 7 Workers’ Compensation handout PRL1 (Veterinary Hospital).

DETAILED ASSIGNMENT

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