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Becca Harris works for Shallow Inc in Lethbridge, Alberta. Becca is going to receive a 55,600.00 performance bonus on her next pay for meeting her

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Becca Harris works for Shallow Inc in Lethbridge, Alberta. Becca is going to receive a 55,600.00 performance bonus on her next pay for meeting her previous year objectives. The bonus is the first Becca has received this year and will be paid on a separate cheque Becca claims code 1 on her federal and provincial TD1s. Her regular bi-weekly salary is $ 2,000.00 and she has a group term life insurance non-cash taxable benefit of $16.00 per pay. She will not reach the annual maximums for CPP contributions or el premiums with this payment Use this information to answer questions 3-7. Assume 2020 rates Calculate Becca's CPP contribution. Answer: 784,32 Calculate Becca's Employment Insurance Premium Answer: Using the federal tax tables for an Alberta employee, determine the federal tax to withhold on the entire bonus payment Hint: Use the bonus method when calculating income taxes. Look at "Example 1 - First or once-a-year bonus payment on the Google Doc Answer: Using the provincial tax tables for an Alberta employee, determine the provincial tax to withhold on the entire bonus poyment. Hint: Use the bonus method when calculating income taxes. Look at "Example 1 - First or once a year bonus payment on the Google Doc Answer Calculate Becca 's net bonus payment

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