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At the beginning of October (the 21st pay period), Aisha decides to cash out her accumulated vacation pay of $2800 (no time taken). This will
At the beginning of October (the 21st pay period), Aisha decides to cash out her accumulated vacation pay of $2800 (no time taken). This will be in addition to her regular pay of $3500/biweekly. To calculate the income tax on the vacation pay, the bonus method must be used. Aisha is in Ontario and her TD1 federal and provincial are code 2. Use 2022 rates. Using the Payroll Deductions Online Calculator (PDOC), answer questions 20-23. Determine Aisha's total CPP Contributions for the payment. Answer: Determine Aisha's total El premium for the pay period. Answer: What are her total deductions on income and bonus? Answer: What are her total deductions on income and bonus? Answer: What is Aisha's net pay for the period? Hint: (Regular pay + vacation pay) -deductions. This is the "net amount". +
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