Insurable, Pensionable and Taxable Earnings 10%

This assignment relates to the following Course Learning Requirements:

CLR 2: Describe Canadian federal and provincial labour and employment standards as they apply to employers.

CLR 3: Calculate pay for various types of employees

Objective of this Assignment:

To assess the learners knowledge of what earnings are subject to which statutory deductions and how to calculate those deductions.

To assess the learners ability to research applicable rates to use for the calculations

Pre-Assignment Instructions:

1. Read the module 5 content and follow the embedded learning activities
2. Read chapter 4 of the textbook
3. Navigate to the respective CRA website and review their taxable benefits documentation
4. Navigate to the Service Canada and Province of Quebec website to obtain the 2023 rates for CPP/QPP and EI.

Assignment Tasks:

1. Review the following situations and determine what earnings & benefits are subject to Canada / Quebec Pension Plan and Employment insurance. After you have determined the pensionable and insurable earnings calculate the CPP/QPP and EI employee deductions.
2. You do not need to calculate the employer portion of CPP, QPP and EI.
3. IMPORTANT show all calculations and clearly label: pensionable earnings; insurable earnings; CPP deduction, QPP deduction; and EI deduction.
4. Use rates from 2023 to determine your calculations. Only the earnings provided for each pay period should be included in your calculations. You do not need to calculate vacation or any other amounts.

1. Jane works in Ontario and is paid on a bi-weekly basis. She has the following type of earnings & benefits. Determine which are pensionable and insurable and then calculate the CPP and EI deductions.
   1. Regular $1,800
   2. Vacation Payout $500
   3. Night Shift Premium $50
   4. Group Life Employer paid Taxable benefit $15

1. Lane works in Quebec and is paid on a semi-monthly basis. He has the following types of earnings & benefits. Determine which are pensionable and insurable and then calculate the CPP and EI deductions.

1. Statutory Holiday Pay $200
2. Regular $1650
3. Employer paid Parking $50

1. Tim works in Nova Scotia and is paid on a monthly basis. He is receiving a separate special payment (in addition to his 12 pays in the year) for a long service award. He is receiving an amount of $500 cash and he has not received a long service aware for 5 years. Determine which are pensionable and insurable and then calculate the CPP and EI deductions.

Can someone please help me solve all of these and explain which CPP and EI Rate you chose and why?