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1) Review the following situations and determine what earnings & benefits are subject to Canada / Quebec Pension Plan and Employment insurance. After you have
1) Review the following situations and determine what earnings & benefits are subject to Canada / Quebec Pension Plan and Employment insurance. After you have determined the pensionable and insurable earnings calculate the CPP/QPP and EI employee deductions.2) You do not need to calculate the employer portion of CPP, QPP and EI.3) IMPORTANT – show all calculations and clearly label: pensionable earnings; insurable earnings; CPP deduction, QPP deduction; and EI deduction.4) Use rates from 2023 to determine your calculations. Only the earnings provided for each pay period should be included in your calculations. You do not need to calculate vacation or any other amounts. a) Jane works in Ontario and is paid on a bi-weekly basis. She has the following type of earnings & benefits. Determine which are pensionable and insurable and then calculate the CPP and EI deductions.i) Regular $1,800ii) Vacation Payout $500iii) Night Shift Premium $50iv) Group Life – Employer paid Taxable benefit $15
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