An employee earns $60,000 per year and is paid on a semi-monthly pay schedule. The employee enjoys the benefit of a company paid cell phone for personal use (cost is $160 per month) and receives 4% vacation pay on each payment. This pay cycle included 16 hours of approved overtime worked over the normal 40 hour work week and a reimbursement for travel expenses in the amount of $450. The employee contributes 6% of their regular wages to a Registered Retirement Savings Plan each pay cycle