Assessment Questions Hemal Thomas is an employee in British Columbia. The net pay calculation is for the first bi-weekly pay of 2022 . The employee is 32 years old and is entitled to 70 hours regular pay at $20 /hour, 3 hours of overtime at time-and-a-half, and a $100 safety shoe allowance for this pay period. The employee also receives a monthly car allowance of $200 and the employer pays group life insurance of $35 a month. Vacation at 4% is accrued. The employee contributes $20 per pay to the United Way, $20 per month to the company social club, and $15 per pay for union dues. The employee's TD1 federal and provincial are code 2. a) $1,400.00 b) $1,490.00 c) $1,582.31 d) $1,682.31 2. CPP contributory earnings are: ( LO1, 2,, 3 ) a) $1,490.00 b) $1,698.46 c) $1,598.46 d) $1,682.31 3. Taxable benefits are: ( LO1, 2, 3) a) 0 b) $16.15 c) $17.50 d) $35.00 4. Insurable earnings are: ( LO1, 2, 3 ) a) $1,582.31 b) $1,698.46 c) $1,597.46 d) $1,682.31 5. CPP contribution is: ( LO1, 2, 3) a) $83.44 b) $79.78 c) $79.13 d) $73.76 6. EI premium is: ( LO1, 2, [ 3 ) a) $25.00 b) $26.27 c) $31.63 d) $29.75 7. Gross taxable earnings are: ( LO1, 2, 3 ) a) $1,490.00 b) $1,698.46 c) $1,598.46 d) $1,682.31 8. Net taxable earnings are: ( LO1, 2, 3) a) $1,583.46 b) $1,698.46 c) $1,598.46 d) $1,682.31 9. Federal income tax is: ( LO1, 2, 3) a) $147.20 b) $123.25 c) $137.20 d) $155.15 a) $50.20 b) $54.85 c) $53.70 d) $58.90 11. Total deductions are: ( LO1, 2, 3) a) $326.12 b) $337.06 c) $330.63 d) $347.99 a) $1,351.68 b) $1,356.19 c) $1,345.25 d) $1,354.30