Assignment Tasks:

1. Review the following situations and for each pay period determine the employee's net pay by calculating what earnings & benefits are subject to Income Tax, Canada / Quebec Pension Plan, Quebec Parental Insurance Plan (if applicable) and Employment insurance.
2. Ensure to reduce net and taxable income by any applicable voluntary/non statutory deductions as well.
3. The amounts to be calculated for each employee are:

• Taxable income:
• Insurable income:
• Pensionable income:
• Federal tax
• Provincial tax
• CPP deduction
• EI deduction
• Gross earnings:
• Total Deductions
• Net Pay

1. All rates should be based on 2023.
2. When using the PDOC set the date to January 6, 2023
3. Show all calculations and clearly label the numbers you present

Employee Information:

1. Lawrence works in Alberta and is paid on a bi-weekly basis. He has a claim code of 1 on both his TD1 and TD1AB. He has the following type of earnings, benefits & deductions. He will not max out on CPP or EI this pay and will have full deductions.

1. Regular $2,500
2. Vacation Pay $500
3. Group Life - Employer paid Taxable benefit $25
4. RRSP contribution - Employee deduction $300
5. Coffee Fund $5

Calculate Lawrence's pensionable, insurable and taxable amounts. Then calculate CPP & EI deductions and look up the corresponding federal and provincial tax amounts in the tax tables based on his province, pay frequency and claim codes. Once all deductions have been calculated figure out the net pay.

1. Celine works in Nova Scotia and is paid on a semi-monthly basis.She has a claim code of 2 on both her TD1 and TD1NS. She has the following type of earnings, benefits & deductions. She will not max out on CPP or EI this pay and will have full deductions.

1. Regular $3,500
2. Overtime $450
3. Parking - Employer paid Taxable benefit $50
4. RPP contribution - Employee deduction $250
5. Union Dues $50

Calculate Celine's pensionable, insurable and taxable amounts. Then calculate CPP & EI deductions and look up the corresponding federal and provincial tax amounts in the tax tables based on her province, pay frequency and claim codes. Once all deductions have been calculated figure out the net pay.

Assignment Grading Rubric (Clearly label these numbers for marks to be awarded)

1. 10 Points

1 Point Taxable income:

1 Point Insurable income:

1 Point Pensionable income:

1 Point Federal tax

1 Point Provincial tax

1 Point CPP deduction

1 Point EI deduction

1 Point Gross earnings:

1 Total Deductions

1 Point Net Pay

1. 10 Points

1 Point Taxable income:

1 Point Insurable income:

1 Point Pensionable income:

1 Point Federal tax

1 Point Provincial tax

1 Point CPP deduction

1 Point EI deduction

1 Point Gross earnings:

1 Total Deductions

1 Point Net Pay