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Exercise 1 8 : Paulette Morin has worked for Ultra Energy in Alberta since 1 9 8 5 . Ultra does not have a pension

Exercise 18:
Paulette Morin has worked for Ultra Energy in Alberta since 1985. Ultra does not have a
pension plan for its employees. Employment is terminated on April 13th of the current
year. The following amounts are to be included in Paulette's final pay:
Regular bi-weekly salary
Group term life insurance
non-cash taxable benefit
Vacation pay
Legislated wages in lieu of notice
Retiring allowance
Paulette has federal and provincial TD1 claim codes of 2. A request to transfer
$25,000.00 of the retiring allowance to an RRSP was submitted. the regular salary,
vacation pay and wages in lieu of notice will be paid together; the retiring allowance will
be paid separately.
Paulette will not reach the annual maximums for CPP contributions or EI premiums with
these payments
Calculate the net pay for each payment that will be paid to Paulette upon termination.
Exercise 19:
Find the correct answer: An interruption of earnings occurs when:
a. an employee is laid off
b. an employee quits their job
c. an employee goes on unpaid pregnancy leave
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