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Payroll & Benefits ACCT-1076 Purpose: Determine an employee's gross pay, statutory deductions and net pay by calculating the amount using CRA's payroll tables and using

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Payroll & Benefits ACCT-1076 Purpose: Determine an employee's gross pay, statutory deductions and net pay by calculating the amount using CRA's payroll tables and using CRA's Payroll Deductions Online Calculator (PDOC). Resources required: - Canada Revenue Agency website: https://www.canada.ca/en.html o CRA's payroll deduction tables: https://www.canada.ca/en/revenue- agency/services/tax/businesses/topics/payroll/t4032- payroll-deductions-tables.html o CRA's Payroll Deductions Online Calculator: https://www.canada.ca/en/revenue-agency/services/e- services/e-services-businesses/payroll-deductions-online- calculator.html o PDOC instructions: https://www.canada.ca/en/revenue- agency/services/e-services/e-services-businesses/payroll- deductions-online-calculator/help-calculate-salaries.html Required: Answer the following questions and submit your answers to the Dropbox in Learn by the due date: Part 1 Research the CPP and EI information on the CRA website in order to complete the following two charts: CPP 2019 2020 2021 Maximum annual pensionable earnings Basic exemption amount Maximum contributory earnings Contribution rate Maximum annual employee contribution Maximum annual employer contribution EI 2019 2020 2021 Maximum annual insurable earnings Rate Maximum annual employee premium Maximum annual employer premium

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