An employee earns $ 55 000 per year and paid on a semi-monthly pay schedule The employee enjoys the benefit of a company paid cell phone for personal use cost $150 per month) and receives 6% vacation pay on each payment This pay cyde 15 hours of approved overtime worked over the normal 40 hour work week and a reimbursement for travel expenses in the amount of $434 20 The employee contributes 5% of the regular wages to a Registered Retirement Savings Plan each pay cycle.