Question
Darlene has been earning $25/hr and regularly works 90 hours each monthly pay period. Due to the completion of union negotiations, on September 1st, she
Darlene has been earning $25/hr and regularly works 90 hours each monthly pay period. Due to the completion of union negotiations, on September 1st, she was awarded a $6/hr pay increase, effective from May 1st. Assume Darlene was being taxed @ 16% before her increase and will now be taxed @ 19%.
Note: Darlene will not max out CPP & EI deductions.
Required:
Calculate the gross retro-active payment owing and all applicable statutory deductions for this retro-active payment, assuming the employee will receive it on a separate cheque from her regular monthly earnings.
NOTE: Input answers below and demonstrate ALL calculations.
Retro-Active Pay Owing (Gross) = $
CPP = $
EI = $
Income Taxes = $
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