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At the end of the year Aisha decides to cash out her accumulated vacation pay of $1800 (no time taken). This will be in addition
At the end of the year Aisha decides to cash out her accumulated vacation pay of $1800 (no time taken). This will be in addition of her regular pay of $1000/week. 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 1. Use 2019 rates and 52 pay periods.
Using the Payroll Deductions Online Calculator (PDOC), answer questions 20-23.
Determine Aishas total CPP Contributions for the pay period.
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