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Alex works for ABCcompany. Annual Salary $99,000. Vacation pay 6%, Pay period frequency: Monthly. Number of hours required to work monthly is 150. Any hours

Alex works for ABCcompany. Annual Salary $99,000. Vacation pay 6%, Pay period frequency: Monthly. Number of hours required to work monthly is 150. Any hours over 155 is considered overtime. Hours worked 158.

ABC companys employees have group life insurance coverage of Fourtimes their annual salary, paid 100% by the company. The company rate is $1.69 per $1,000 of coverage per month.

  1. Company has a policy to pay out vacation pay in every payroll run, please calculate vacation pay
  2. Please calculate Gross pay
  3. Please calculate hourly rate (Please DO NOT round up or down. Please do not consider vacation pay while calculating hourly rate)
  4. Please calculate over time hourly rate
  5. Please calculate taxable benefit
  6. Please calculate Gross Pay
  7. Please calculate EI premium
  8. Please calculate CPP premium
  9. Please net pay.

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