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1. Robert works in BC, for ABC company 37.5hours a week and is paid biweekly pay cycle, his federal tax claim code is 2 and

  • 1. Robert works in BC, for ABC company 37.5hours a week and is paid biweekly pay cycle, his federal tax claim code is 2 and provincial tax claim code is 2: (12 points) 
  • • A salary of $60,000 per year • Over-time paid at 1.5 times for any hours in excess of 37.5 per week • Vacation pay at 6% will be accrued and paid at a later date • The employer provides a car allowance of $300 per month • Employer pays his group term life insurance premium of $20 per pay • Robert’s supervisor has authorized 10 hours of overtime for this pay cycle.
  •  Gross Pay: ___________ Pensionable Earnings: ______________ Employee CPP deduction: ______________ Employer CPP contribution: ______________ Insurable Earnings: ______________ Employee EI premium: ______________ Employer EI premiums: ______________ Federal Tax: ______________ Provincial Tax ______________ Net Pay ______________ Total CRA Remittance ______________ Accrued Vacation Pay ______________

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