Alan is the director of your corporation. He is a resident of Alberta. He does not receive remuneration as an employee. You pay him a directors' fee of $6,050 every three months.

Alan has claimed the basic amount, claim code 1, on his TD1 federal and provincial forms.

Use this information to answer questions 24-28. Use 2022 rates.

What is Alan's CPP contribution amount?

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Question 25

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Marked out of 1.00

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What is his EI premium amount?

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Question 26

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Marked out of 3.00

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Determine the federal income tax for this payment ($6050).

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Question 27

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Marked out of 3.00

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Determine the provincial income tax for this payment ($6050).

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Question 28

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Marked out of 2.00

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Determine Alan's net pay.

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