Doreen Trading Co$.,$ located in Ontario, has both salaried and hourly paid employees, who are

paid on a semi$-$monthly basis.

$2$

Tony Samuel earns $$25\mathrm{.}00$ per hour and works $80$ hours per pay period. He has car allowance of

$$100$ per pay period. Tony$$s claim codes on his Federal and Provincial TD$1$ are $3($use $2024$

deduction table$)$

Calculate Tony$$s Net Pay

More Hints:

Step One: Determine Gross Earnings

Step Two: Determine Non$-$Cash Taxable Benefits

Step Three: Determine CPP contributions $($use $5\mathrm{.}95\%$ of $2024)$

Step Four: Determine EI premium $($use $1\mathrm{.}66\%$ of $2024)$

Step Five: Determine federal & provincial tax

Step Six: Total Deductions

Step Seven: Net Pay