Hi,
I have a question regarding bonus payment.
There is a person received bonus check, $500. and It was paid on different date from regular salary.
Her regular salary is $1000 .She receives the amount on 15th and at the end of the month.
When I made the bonus cheque; I just entered $500.00 as a bonus.into simply accounting. I didn’t calculate CPP EI Tax manually.
Was I make a mistake ?
There is one more regular paycheque to make ,until the end of the year. Do I need to adjust CPP EI Income tax when I make the next cheque? If so, how?
Is there anyone who could advise me?