1. Question 1: John, a student employee, earns a gross bi-weekly salary of $700. Calculate his net pay considering the following deductions: Canada Pension Plan (CPP) contributions, Employment Insurance (EI) premiums, and income tax. Assume a CPP contribution rate of 5.45%, EI premium rate of 1.58%, and income tax rate of 15%.
2. Question 2: Emily, a part-time student employee, earns an hourly wage of $15. She worked 40 hours in a week. Calculate her net pay for the week considering the following deductions: Canada Pension Plan (CPP) contributions, Employment Insurance (EI) premiums, and income tax. Assume a CPP contribution rate of 5.45%, EI premium rate of 1.58%, and income tax rate of 20%.