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1 ) Review the following situations and for each pay period determine the employee s net pay by calculating what earnings & benefits are subject
Review the following situations and for each pay period determine the employees net pay by calculating what earnings & benefits are subject to Income Tax, Canada Quebec Pension Plan, Quebec Parental Insurance Plan if applicable and Employment insurance.
Ensure to reduce net and taxable income by any applicable voluntarynon statutory deductions as well.
The amounts to be calculated for each employee are:
Taxable income:
Insurable income:
Pensionable income:
Federal tax
Provincial tax
CPP deduction
EI deduction
Gross earnings:
Total Deductions
Net Pay
All rates should be based on
When using the PDOC set the date to January
Show all calculations and clearly label the numbers you present
Employee Information:
a Celine works in Nova Scotia and is paid on a semimonthly basis. She has a claim code of on both her TD and TDNS She has the following type of earnings, benefits & deductions. She will not max out on CPP or EI this pay and will have full deductions.
i Regular $
ii Overtime $
iii Parking Employer paid Taxable benefit $
iv RPP contribution Employee deduction $
v Union Dues $
Calculate Celines 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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