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CASE B - Payroll run on January 31, 2023, employee worked following hours: Mr. A Hours worked 165. Any hours over 162 is considered overtime.
CASE B - Payroll run on January 31, 2023, employee worked following hours: Mr. A Hours worked 165. Any hours over 162 is considered overtime. Mr. B Hours worked 90 hours. Any hours over 85 is considered overtime. Mr. C Hours worked 158. Any hours over 155 is considered overtime. Required: (Please do not consider/include vacation pay for this problem) (4) Please calculate over time hourly rate3 mark (5) Please calculate gross pay 3 mark (Hint: gross pay = (regular hours * regular pay) + (Over time hours * overtime pay) (6) Please calculate EI premium (EI rate is 1.63% in 2023)3 mark Hint: STEP 5 * 1.63% (7) Please calculate CPP premium (CPP rate is 5.95% in 2023)3 mark Hint: ((STEP 5 (3500/12)) * 5.95% (8) Please net pay. Hint: STEP 5 STEP 6 STEP 7
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