Payroll and accounting

Not Secure alphacollege.ddns.net F Flag question An employee earns $55,000 per year and is paid on a semimonthly pay schedule. The employee enjoys the benefit of a company paid cell phone for personal use (cost is $150 per month) and receives 6% vacation pay on each payment. This pay cycle included 15 hours of approved overtime worked over the normal 40 hour work week and a reimbursement for travel expenses in the amount of $434.20. The employee contributes 5% of their regular wages to a Registered Retirement Savings Plan each pay cycle. 1. Calculate the Gross Earnings. 2. Calculate the Pensionable Earnings. 3. Calculate the Insurable Earnings. 4. Gross Taxable Earnings 5. Net Taxable Earnings