Calculating CPP and EI Assignment (12 marks)

Scenario One:

Calculate Gross Earnings, Gross Taxable Income, CPP, and EI given the information below:

Hourly Wage: $15

Paid Bi-weekly

Birthdate: November 2, 1987

No taxable benefits

YTD CPP: $200

YTD EI: $200

Schedule:

Monday

Tuesday

Wednesday

Thursday

Friday

Saturday

Sunday

8

8

8

8

8

0

0

8

8

8

8

8

0

0

Enter Answers here (4 marks):

Gross Earnings

Gross Taxable Income

CPP Deduction

EI Deduction

Show your work (2 marks):

Scenario Two:

Calculate Gross Earnings, Gross Taxable Income, CPP, and EI given the information below:

Regular Hours: 75

Over Time Hours: 10

Hourly Rate: $20/hour

Taxable benefits $25.25

Paid Semi-monthly

Birthdate: December 1, 1944

YTD CPP: $0

YTD EI: $230

Enter Answers here (4 marks):

Gross Earnings

Gross Taxable Income

CPP Deduction

EI Deduction

Show your work (2 marks):

Scenario Three:

Calculate CPP, and EI given the information below:

Gross Earnings: $4000

Taxable benefits: $50

YTD CPP: $0

YTD EI: $0

Birthdate: January 18, 1947

CPT30 Not completed and not collecting CPP or disability pension

Paid bi-weekly

Enter Answers here (2 marks):

CPP Deduction

EI Deduction

Show your work (2 marks):

Scenario Four:

Calculate Gross Taxable Income, CPP, and EI given the information below:

Gross earnings: $2307

Paid Bi-weekly

Taxable benefits of $60 per pay period

Birthdate: June 2, 1998

YTD EI: $200.00

YTD CPP: $200.00

Enter Answers here (3 marks):

Gross Taxable Income

CPP Deduction

EI Deduction

Show your work (2 marks):