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COMMISSION EARNINGS Penny works for TSX in Alberta where she is a commissioned salesperson. TSX pays their commissioned salespeople on a straight commission of sales

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COMMISSION EARNINGS Penny works for TSX in Alberta where she is a commissioned salesperson. TSX pays their commissioned salespeople on a straight commission of sales method at 1.50%. Penny is owed her monthly commission payment based on $500,000.00 of products sold. She did not receive an advance. Penny's TD1 federal and provincial are claim code 1. She will not reach the CPP, and Employment Insurance annual maximums this pay period. Use this information to calculate questions 8-13. Use 2022 rates. Calculate Penny's gross earnings Answer: 7500 Calculate Penny's Canada pension plan contribution. Answer: 367.63 Calculate Penny's Employment Insurance Premium. Answer: 121.5 Calculate the Federal income tax using the CRA payroll deduction tables. Answer: Calculate the Provincial income tax using the CRA payroll deduction tables. Answer: Calculate Penny's net commission pay

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