Question
(a) Calculate the net pay for each employee. Overtime is at time and a half. (4 marks) Emp. No. Hours Hourly Rate Earnings Deductions Net
(a) Calculate the net pay for each employee. Overtime is at time and a half. (4 marks)
| Emp. No. | Hours | Hourly Rate | Earnings | Deductions | Net Pay | ||||||
| Reg. | O.T | Reg. | O.T. | Gross | Income Tax | E.I. | C.P.P. | Total | |||
| 22 | 16 |
| $11.6 |
|
|
| 6.40 | 4.73 | 4.14 |
|
|
| 23 | 40 | 10 | $13.15 |
|
|
| 138.65 | 17.93 | 22.71 |
|
|
(b) Catherine Gates represents MacDougalls Auto Parts Co. Ltd. She is paid $760 per month plus a 5% commission on all sales over $10,000 basic quota. In July, Catherines sales for the month totalled $40,000. What were her total earnings? (2 marks)
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
