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CHANTAL SINCLAIRWORKS FOR BLOSSOM COSMETICS IN ALBERTA AND IS PAID AN ANNUAL SALARY OF 56390 ON A WEEKLY BASIS. EARLIER THIS YEAR HE RECIEVED A
CHANTAL SINCLAIRWORKS FOR BLOSSOM COSMETICS IN ALBERTA AND IS PAID AN ANNUAL SALARY OF 56390 ON A WEEKLY BASIS. EARLIER THIS YEAR HE RECIEVED A PERFORMANCE BONUS OF 3450. SHE WAS RECENTLY AWARDED A 5375 BONUS FOR HER PROCESS IMPROVEMENT SUGGESTIONS EHICH WILL BE PAID SEPERATELY FROM HER REGULAR PAY. HER FEDERAL AND PROVINCIAL TD1 CLAIM CODES ARE 2 AND SHE WILL NOT REACH THE ANNUAL MAXIMUMS FOR CPP OR EMPLOYMENT INSURANCE WITH THESE PAYMENTS. 1. CALCULATE THE EMPLOYEES GROSS TAXABLE EAFRNINGS FOR THIS PAY. 2. CALCULATE THE PENSIONABLE EARNINGS. 3. CALCULATE THE INSURABLE EARNINGS. 4. CALCULATE THE NET TAXABLE INCOME. 5. CALCULATE THE EMPLOYERS CPP CONTRIBUTION ON THE BONUS PAYMENT. 6. CALCULATE THE EMPLOYESS EMPLOYMENT INSURANC EPREMIUM ON THE BONUS PAYMENT. 7. CALCULATE THE EMPLOYEES FEDERAL INCOME TAX ON THE BONUS. 8. CALCUALTE THE EMPLOYEES PROVINCIAL INCOME TAX ON THE BONUS PAYMENT. 9. CALCULATE THE TOTAL DEDUCTIONS 10. CALCULATE THE EMPLOYEES NET SECOND BONUS
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