3) Net Pay Calculations

Franklin Stores, located in Alberta, has both salaried and hourly paid employees, who are paid on bi-weekly basis. Linda Michaud earns $18.00 per hour and works 80 hours per pay period. Linda's claim codes on her federal and Alberta TD1 are 2. Calculate Linda's net pay. (Take CPP (2020)- 5.25%; EI (2020)- 1.58% and go to CRA website and take 2020 deduction table for Alberta ( for federal & Provincial tax). Don't forget! It is code 2 for both Federal & Provincial tax.

payroll compliance