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Question from Kishore on Apr 20 at 12:34 PM Hi All,
This is regarding the Federal and Provincial tax calculations when employee has been paid bonus during a regular period for hourly based employees.
1 /101 Total gross0101 952.52
1 /102 Regular tax0101 452.52
* /102 Regular tax0101 2.30
1 /103 Non-per. ta0101 500.00
When employees are paid bonus (IT0015) along with hourly wages, system is including it in the tax calculations, however, system is considering a different amount for calculation of Annualization for taxation of non-periodic payments.
Hourly wages - $452.52
Bonus - $500
However, KATAX Function is calculating of Gross remuneration for the pay period (I) - $1534.82.00
I've looked in to the CRA calculations and could not determine how this is being considered and also verified the processing of these wage types.
Thanks
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