CASE C - Payroll run on January 31, 2023, employee worked following hours:

ABC companys employees have group life insurance coverage of Four times their annual salary, paid 100% by the company. The company rate is $1.69 per $1,000 of coverage per month.

Required:

(9) Please calculate taxable benefit for each employee3 marks

(10) Please calculate Gross Pay for each employee3 marks

(Hint: Gross Pay = (Regular pay + Overtime pay + Taxable benefit)

Hint: STEP 5 + STEP 9 = GROSS

(11) Please calculate EI premium3 marks

Hint: STEP 10 * 1.63%

(12) Please calculate CPP premium3 marks

Hint: ((STEP 10 (3500/12))* 5.95%

(13) Please net pay.3 marks

Hint: STEP 10 STEP 11 STEP 12