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An employee earns $ 6 0 , 0 0 0 per year and is paid on a semi - monthly pay schedule. The employee enjoys
An employee earns $ per year and is paid on a semimonthly pay schedule. The employee enjoys the benefit of a company paid cell phone for personal use cost is $ per month and receives vacation pay on each payment. This pay cycle included hours of approved overtime worked over the normal hour work week and a reimbursement for travel expenses in the amount of $ The employee contributes of their regular wages to a Registered Retirement Savings Plan each pay cycle. Calculate the Gross Earnings. Calculate the Pensionable Earnings. Calculate the Insurable Earnings. The employee is years old and has contributed $ to Canada Pension Plan so far this year. Calculate the Canada Pension Plan Contribution. The employee is years old and has contributed $ to Employment Insurance so far this year. Calculate the Employment Insurance Premium. Calculate the Gross Taxable Earnings. Calculate the Net Taxable Earnings. Explain what deductions are allowed. The employee is a Claim Code both Federally and Provincially and works in Ontario. marks Use the PDOC to calculate Provincial and Federal tax deductions. Calculate the net pay for this employee. Be sure to list all of the deductions from the employee's pay for this pay cycle. Note: if you do not have access to the PDOC assume Federal Tax deduction $ and Drnvinnial Tav dadntinn
An employee earns $ per year and is paid on a semimonthly pay
schedule. The employee enjoys the benefit of a company paid cell phone for
personal use cost is $ per month and receives vacation pay on each
payment. This pay cycle included hours of approved overtime worked over
the normal hour work week and a reimbursement for travel expenses in the
amount of $ The employee contributes of their regular wages to a
Registered Retirement Savings Plan each pay cycle.
Calculate the Gross Earnings.
Calculate the Pensionable Earnings.
Calculate the Insurable Earnings.
The employee is years old and has contributed $ to Canada
Pension Plan so far this year. Calculate the Canada Pension Plan
Contribution.
The employee is years old and has contributed $ to Employment
Insurance so far this year. Calculate the Employment Insurance
Premium.
Calculate the Gross Taxable Earnings.
Calculate the Net Taxable Earnings. Explain what deductions are allowed.
The employee is a Claim Code both Federally and Provincially and works
in Ontario. marks
Use the PDOC to calculate Provincial and Federal tax
deductions.
Calculate the net pay for this
employee.
Be sure to list all of the deductions from the employee's pay
for this pay cycle. Note: if you do not have access to the
PDOC assume Federal Tax deduction $ and
Drnvinnial Tav dadntinn
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