COMMISSION EARNINGS Penny works for TSX in Ontario where she is a commissioned salesperson TSX pays their commissioned salespeople on a straight commission of sales method at 0.7%. Penny is owed her monthly commission payment based on $600,000.00 of products sold She did not receive an advance. Penny's TD1 federal and provincial are claim code 3. She will not reach the CPP and Employment Insurance annual maximums this pay period. Use this information to calculate questions 8-13. Use 2019 rates Calculate Penny's gross earnings Answer Reque Step 3: Federal Income Tax $ 14.15 The federal income tax of $145.60 on Kaitlin's new pay period earnings of $1.296.00 is determined using the federal tax tables for the province of Alberta, the pay period frequency of semi-monthly and claim code 1. The federal income tax of $131.45 on Kaitlin's previous pay period earnings of $1,200.00 is determined using the federal tax tables for the province of Alberta, the pay period frequency of semi-monthly and claim code 1. The difference between $145.60 and $131.45 is $14.15. Step 4: Provincial Income Tax $ 9.90 The provincial income tax of $72.15 on Kaitlin's new pay period earnings of $1.296.00 is determined using the provincial tax tables for the province of Alberto the pay period frequency of semi-monthly and claim code 1. The provincial income tax of $62.25 on Kaitlin's previous pay period earnings of $1,200.00 is determined using the provincial tax tables for the province of Alberta, the pay period frequency of semi-monthly and claim code 1 The difference between $72.15 and 562 25 is $990 Step 5: Federal Tax $ 70.75 Calculate the federal tax by multiplying the federal tax difference of 514 15 by the 5 prior pays that the increase was offective Step 6: Provincial Tax $ 49.50 8250108/edit egular Payments 4 O Request ec Solution Step 3: Federal Income Tax $ 0.55 The federal income tax of $18.85 on Donna's new pay period earnings of 405.77 is determined using the federal tax tables for the province of British Columbia, the pay period frequency of weekly and claim code 1. The federal income tax of 518.30 on Donna's previous pay period earnings of $400.00 is determined using the federal tax tables for the province of British Columbia, the pay period frequency of weekly and claim code 1. The difference between $18.85 and 518.30 is $0.55. Step 4: Provincial Income Tax $ 0.30 The provincial income tax of $0.30 on Donna's new pay period earnings of $405.77 is determined using the provincial tax tables for the province of British Columbia, the pay period frequency of weekly and claim code 1. The provincial income tax of 50.00 on Donna's previous pay period earnings of 54.00 is determined using the provincial tax tables for the province of British Columbia, the pay period frequency of weekly and claim code 1 The difference between 50.30 and $0.00 is 50,30 Step 5: Federal Tax $ 28.60 Calculate the federal tax by multiplying the federal tax difference of 50.55 by 52 (the number of pay periods in the year) Step 6: Provincial Tax $ 15.60 Calculate the provincial tax by multiplying the provincial tax difference of 50 30 by 52 (the number of pay periods in the year) hm SUIO8/edit ular Payments 4 Requeste Step 5: Federal Tax $ 28.60 Calculate the federal tax by multiplying the federal tax difference of $0.55 by 52 (the number of pay periods in the year) Step 6: Provincial Tax $ 15.60 Calculate the provincial tax by multiplying the provincial tax difference of $0.30 by 52 (the number of pay periods in the year) Step 7: Total Tax $ 44.20 The total tax withholding on the retroactive earnings is 544 20. the sum of the federal tax of $28,60 . and the provincial tax of $15.60
