References Layout from the Internet can contain viruses Unless you need to edit it's safer to stay in Protected View. An employee earns $55,000 per year and is paid on a semi-monthly 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. I 4. . The employee is 32 years old and has contributed $1,212.15 to Canada Pension Plan so far this year. Calculate the Canada Pension Plan Contribution. 5. . The employee is 32 years old and has contributed $460.37 to Employment Insurance so far this year. Calculate the Employment Insurance Premium. 6. Calculate the Gross Taxable Earnings. 7. . Calculate the Net Taxable Earnings. Explain what deductions are allowed. 8. The employee is a Claim Code 1 both Federally and Provincially and works in D) Focus