Each Jurisdiction Outlines Late Filing Penalties For The Annual Statement Of Payroll 2371555

Each jurisdiction outlines late filing penalties for the annual statement of payroll for workers’ compensation.

Your organization operates in Saskatchewan. You filed your annual Employer Payroll Statement on March 30th of the current year (see Current Year calendar in the course material). The total assessable earnings for the previous year were $925,188.15. The assessment rate per $100 for your organization is $1.41.
During the first week of March, two of your employees were injured at work.
Calculate the late filing penalty for missing the filing deadline and explain any possible additional costs to the employer related to this oversight.

What process will you put in place for next year to avoid this issue?

Please use attachment to answer the question. 100-150 words

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Chapter Workers’ Compensation Remittances and Reconciliations 7 Learning Objectives: Upon completion of this chapter, you should be able to: 1. calculate assessments for workers’ compensation (WC) and for la Commission des normes, de l’équité, de la santé et de la sécurité du travail (CNESST) 2. apply remittance schedules 3. reconcile remittances 4. reconcile estimated and actual annual assessable earnings Communication Objective: Upon completion of this chapter, you should be able to: 1. explain to Accounts Payable why workers’ compensation payments are not the same amount throughout the year 2. communicate the year-end schedule for all workers’ compensation remittance and reporting deadlines to internal stakeholders © The Canadian Payroll Association – Payroll Fundamentals 2 7-1 Vs 11.0Chapter 7 Workers’ Compensation Remittances and Reconciliations Chapter Contents Introduction ………………………………………………………………………………………………………… 7-3 Workers’ Compensation Assessment Calculation ………………………………………………… 7-3 Calculating Assessable Earnings ……………………………………………………………………….. 7-3 Calculating Total Assessable Earnings and Annual Assessment ……………………………. 7-8 Content Review ……………………………………………………………………………………………… 7-12 Review Questions ………………………………………………………………………………………….. 7-13 Workers’ Compensation Remittance Process ………………………………………………………… 7-16 Remitter Types ………………………………………………………………………………………………. 7-16 Remittance Schedules…

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