Payroll Processing and Paystub Template

How Employers Determine Tax Withholding

Write your answers to the following questions:

1) In your own words, and using the Module content as a reference, explain how an employer determines the correct amount of tax to withhold from and employee’s pay each period.

2) In your own words, explain how T4 Slips and Paystubs are similar and different

3) Using your module and the internet as a resource, find or develop a Paystub template, and complete it for employee, Jim Shields from Part 1.

· His pay period is from May 01 -15 2019

· His pay day is on May 30^th 2012

Copy and paste the completed and populated paystub to this word document

4) Issue a paycheck for employee, Jim Shields (from Part 1) dated May 30^th 2019.  You may use the blank check template from your Module, or another template that you can find from the internet. Please do NOT use an actual check from home. Remember to complete a stub.

· Your cheque number is 173

· The stub balance from cheque 172 was $17500.76