$1.$ List three tax deductible amounts that are deducted from gross pensionable$/$taxable income before income taxes are applied to an employee$$s remuneration.

$2.$ Doris MacNeil works for Modern Furniture in Alberta and receives the following remuneration on her pay: $(3$ points$)$

Bi$-$weekly salary $$1,364\mathrm{.}85$

Overtime $342\mathrm{.}96$

$4\%$ vacation pay on overtime $13\mathrm{.}72$

Group term life insurance non$-$cash taxable benefit $15\mathrm{.}75$

Taxable car allowance $75\mathrm{.}00$

What is Doris$$ gross pensionable$/$taxable income for this pay?

$3.$ Doris contributes $3\%$ of her bi$-$weekly salary to the employer$$s registered pension plan $($RPP$)$ and also pays $$5\mathrm{.}00$ in union dues each pay. Calculate Doris$$ net taxable income, using the information provided in question $2.(3$ points$)$

$4.$ Fill in the chart provided with the employee$$s gross pensionable$/$taxable income, net taxable income, Canada Pension Plan $($CPP$)$ contributions $(5\mathrm{.}95\%$ for CPP contribution rate$),$ Employment Insurance $($EI$)$ premiums $(1\mathrm{.}66\%$ for EI premium$/$contribution rate$),$ and federal and provincial income tax withholdings. Use the Alberta payroll deduction tax tables provided to you and show all calculations. $(6$ points$)$

Frank Stringer earns $$730\mathrm{.}00$ in regular wages per weekly pay period. He also receives a non$-$cash taxable benefit for group life insurance benefits of $$4\mathrm{.}50$ per week. Frank is on$-$call for his employer and receives on$-$call pay of $$20\mathrm{.}00$ per week. Frank$$s federal and provincial TD$1$ claim codes are $1.$ He did not reach the annual maximum for CPP contributions or EI premiums on this pay.

GROSS PENSIONABLE$/$ TAXABLE INCOME CPP CONTRIBUTIONS EI PREMIUMS NET TAXABLE INCOME FEDERAL TAX PROVINCIAL TAX

Calculations:

$5.$ Franklin Stores, located in Alberta, has salaried and hourly paid employees, who are paid bi$-$weekly.

Linda Michaud earns $$18\mathrm{.}00$ per hour and works $80$ hours per pay. Linda$$s claim codes on her federal and Alberta TD$1$ are $2.$ Please use the Alberta tax table deductions provided.

$2024$ CPP rate: $5\mathrm{.}95\%$

$2024$ EI Rate: $1\mathrm{.}66\%$

Calculate Linda$$s net pay. $(7$ points$)$

Step $1$: Gross Earnings

Step $2$: Non$-$Cash Taxable Benefits

Step $3$: Canada Pension Plan contribution

Step $4$: Employment Insurance premium

Step $5$: Qu$$bec Parental Insurance Plan premium

Step $6$: Federal tax

Step $7$: Provincial tax

Step $8$: Total Deductions

Step $9$: Net Pay