Hemal Thomas is an employee in British Columbia. The net pay calculation is for the first bi-weekly pay of 2020. The employee is 32 years old and is entitled to 70 hours regular pay at $20/hour, 3 hours of over-time at time-and-a-half, and a $100 safety shoe allowance for this pay period. The employee also receives a monthly car allowance of $200 and the employer pays group life insurance of $35 a month. Vacation at 4% is accrued. The employee contributes $20 per pay to the United Way, $20 per month to the company social club, and $15 per pay for union dues. The employees TD1 federal and provincial are code 2.

1. The gross earnings for the pay period are: (LO1, 2, 3)

$1,400.00 b) $1,490.00 c) $1,582.31 d) $1,682.31

2. Pensionable earnings are: (LO1, 2, 3)

a) $1,490.00

b) $1,698.46

c) $1,598.46

d) $1,682.31

3. Taxable benefits are: (LO1, 2, 3)

a) Zero

b) $16.15

c) $17.50

d) $35.00

4. Insurable earnings are: (LO1, 2, 3)

a) $1,582.31

b) $1,698.46

c) $1,597.46

d) $1,682.31

5. The CPP contribution is: (LO1, 2, 3)

a) $83.27

b) $76.85

c) $79.13

d) $73.76

6. The EI premium is: (LO1, 2, 3)

a) $25.00

b) $26.27

c) $31.63

d) $29.75

7. The gross taxable earnings are: (LO1, 2, 3)

a) $1,490.00

b) $1,698.46

c) $1,598.46

d) $1,682.31

8. The net taxable earnings are: (LO1, 2, 3)

a) $1,583.46

b) $1,698.46

c) $1,598.46

d) $1,682.31

9. The federal income tax is: (LO1, 2, 3)

a) $147.20

b) $133.15

c) $137.20

d) $155.15

10. The British Columbia tax is: (LO1, 2, 3)

a) $51.40

b) $54.85

c) $53.70

d) $58.90

11. Total deductions are: (LO1, 2, 3)

a) $327.99

b) $337.06

c) $330.63

d) $347.99

12. Net pay for pay period is: (LO1, 2, 3)

a) $1,351.68

b) $1,352.32

c) $1,345.25

d) $1,323.55