Question
Given the information below calculate the Pensionable earnings and CPP contributions. Assume annual maximum is not reached Assume 52 cycles in a year. Step1: Answer
Given the information below calculate the Pensionable earnings and CPP contributions.
Assume annual maximum is not reached
Assume 52 cycles in a year.
Step1: Answer missing fields in Chart 1
Type of Wage
Calculation
Amount
Regular
Total 38 hours at $40
$?
Overtime
Tuesday 2 hours Saturday 6 hours Total 8 hours at $40 1.5
?
Shift Premium
Total 46 hours at 30 cents
13.80
Safety Shoes
100.00
Gross Earnings
$ ?
Step 2: Use answer in chart 1 to fill in chart 2:
Gross Earnings
?
Less non-taxable allowances - ?
?
Less amounts paid on termination
?
Plus taxable benefits
?
Equals Pensionable Earnings
?
Less pay cycle exemption - Assume 52 cycles in year
?
Contributory Earnings
?
Contribution at 5.10%
?
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1st Edition
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