An employee earns $55,000 per year and is paid on a semi-monthly pay schedule. The employee enjoys the benefit (taxable) of a company paid cell phone for personal use (cost is $150 per month) and receives 6% vacation pay on each payment. This pay cycle included 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 (remember this is a non-taxable allowance). The employee contributes 5% of their regular wages to a Registered Retirement Savings Plan each pay cycle. a) Calculate the Gross Earnings. 5 marks b) Calculate the Pensionable Earnings. 3 marks c) Calculate the Insurable Earnings. 2 marks d) The employee is 32 years old and has contributed $1,212.15 to Canada Pension Plan so far this year (meaning the employee has not reached the 2021 max amount). Calculate the Canada Pension Plan contribution. 3 marks e) The employee is 32 years old and has contributed $460.37 to Employment Insurance so far this year (meaning the employee has not reached the 2021 max amount). Calculate the Employment Insurance premium. 2 marks f) Calculate the Gross Taxable Earnings. 3 marks g) Calculate the Net Taxable Earnings. Explain what deductions are allowed. 3 marks