Amar is working in an organization on a bi weekly pay basis hourly wage rate of $25 in CC 2. During last biweek he worked for 88 hours and 2 premium hours with extra 10% on regularpay. What is his gross pay and net pay. Bi weekly Gross pay = regular pay + overtime + premium pay +vacation pay Bi weekly regular pay = regular hours x standard rate = 80 hours x 25 = 2000 Over time = over time hours x standard rate x 150/100 =8 hours x 25 x 150/100= 300 Standard rate = 25 Over time rate = 25x150/100= 37.50 Premium pay = premium hours x standard rate x110/100 = = 2 x25 x 110/100 = 55 Vacation pay = 4% of gross pay What is the gross pay = 2000+300+55= 2355 Vacation pay = 2355 x 4/100 = 94.2 Gross pay = 2449.2 bi weekly What is the cpp deduction?5.25% CPP = 2449.2- (3500/26)X 5.25/100 (2449- 134.62) X5.25/100 = 2314.58X 5.25/100= 121.51 THIS IS THE BIWEEKLY PAY, WE HAVE TO DEDUCT BIWEEKLY STANDARD DEDUCTION. THAT IS 3500/26 = 134.62 CPP STANDARD DEDUCTION YEARLY 3500 MONTHLY 3500/12 SEMI MONTHLY 3500/24 WEEKLY 3500/52 BI WEEKLY 3500/26 EI DEDUCTION = 2449.2 X 1.58/100 = 38.69 BY IGNORING NON REFUNDABLE TAX BASES FEDERAL TAX = 15% ONTARIO= 5.05% COMPLETE THE FOLLOWING NET PAY = GROSS PAY - DEDUCTIONS GROSS PAY 2449.20 DEDUCTIONS = ? CPP = ? EI = ? INCOPME TAX = ? FEDERAL = ? PROVENCIAL = ? TOTAL DEDUCTIONS = ? NET PAY =