Group Medical Coverage, valued at $50 Life Insurance, valued at $125 RPP, valued at $80 Tool Allowance, in the amount of $40 Car Allowance, in the amount of $100 The employee contributes to the following, per weekly pay: United Way Campaign, in the amount of $20 Garnishment, in the amount of $75 Parking, in the amount of $55 Union dues, in the amount of $130 Group Disability Insurance, in the amount of $90 Additionally, assume that Income Taxes are deducted at the combined rate of 20%, CPP & EI will NOT ‘max out’ this pay period and vacation time is ‘accrued’.

Required: 

a) Calculate the employees Net Pay, for one pay period, assuming a salary of $117,000;

b) Assuming the employee was hired 7 months ago and is entitled to 5 weeks’ vacation per annum, use the salary provided to determine how many VK days are banked and what VK dollars are owing, after taking 4 days’ off. NOTE: Input answers below and demonstrate ALL calculations.