Question
An employee has been earning $18/hr and regularly works 100 hours each monthly pay period. Due to the completion of union negotiations, as of October
An employee has been earning $18/hr and regularly works 100 hours each monthly pay period. Due to the completion of union negotiations, as of October 1st, she will now earn $19.80/hr retro-actively, effective from April 30th. Assume the employee was being taxed @ 20% before her increase and will now be taxed @ 25%. Note: the employee will not max out CPP & EI deductions. Ignore vacation. Required: Calculate the gross retro-active payment owing and all applicable statutory deductions, assuming the employee will receive the retro-pay on a separate cheque from her regular monthly earnings. NOTE: Input answers below and demonstrate ALL calculations.
Retro Active Pay Owing = $ CPP = $ EI = $ Income Taxes = $
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