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1) Review the following situations and determine the employee's net pay by figuring out what earnings & benefits are subject to Income Tax, Canada /

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1) Review the following situations and determine the employee's net pay by figuring out what earnings & benefits are subject to Income Tax, Canada / Quebec Pension Plan, Quebec Parental Insurance Plan (if applicable) and Employment insurance. Make sure to reduce net and taxable income by any applicable voluntaryon statutory deductions as well. All rates should be based on 2019. a) Lawrence works in Alberta and is paid on a bi-weekly basis. He has a claim code of 1 012 both his TDI and TDIAB. He has the following type of earnings, benefits & deductions. He will not max out on CPP or El this pay and will have full deductions. i) Regular $2000 ii) Vacation Pay $1000 iii) Group Life - Employer paid Taxable benefit $25 iv) RRSP contribution $150 v) Coffee Fund $5 Calculate Lawrence's pensionable, insurable and taxable amounts. Then calculate CPP & EI deductions and look up the corresponding federal and provincial tax amounts in the tax tables based on his province, pay frequency and claim codes. Once all deductions have been calculated figure out the net pay. b) Celine works in Nova Scotia and is paid on a semi-monthly basis. She has a claim code of 2 on both his TD1 and TDINS. She has the following type of earnings, benefits & deductions. She will not max out on CPP or El this pay and will have full deductions. i) Regular $4000.00 ii) Overtime $500.00 iii) Parking - Employer paid Taxable benefit $50.00 iv) RPP contribution $300.00 v) Union Dues $25.00 Calculate Celine's pensionable, insurable and taxable amounts. Then calculate CPP & EI deductions and look up the corresponding federal and provincial tax amounts in the tax tables based on her province, pay frequency and claim codes. Once all deductions have been calculated figure out the net pay

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