Your manufacturing organization has a semi-monthly payroll, paying on the 15th and last day of each month
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Your manufacturing organization has a semi-monthly payroll, paying on the 15th and last day of each month

Your manufacturing organization has a semi-monthly payroll, paying on the 15th and last day of each month. Your organization pays employees in British Columbia.
On the June 15th pay date of the current year the following deductions occurred. Using the Current Year calendar in the course material, explain when each payment must be received by the issuer or administrator:

  • Family Maintenance Enforcement
  • Union Dues (collective agreement states payment due three business days after pay date)
  • Registered Defined Contribution Pension Plan (employer matches employee contributions)
  • Group RRSP
Hint
Accounts & FinanceA registered pension plan (RPP) is a retirement savings plan that is solely funded by the employer or sometimes the employee but in most cases, the employer has the obligation. Additionally, a Registered retirement savings plan (RRSP) is a pension scheme for persons including employees and self-employed individuals....

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