Required: All the calculations below pertain to the pay period of September 1-15, 2021. Round all calculations to the nearest dollar. Show all your calculations and do not compare with online calculators. You will receive partial marks to the extent they have been calculated correctly. One: (20 marks) Calculate gross pay, Federal Taxes and Provincial (Ontario) taxes that would be deducted from the gross pay of each employee for the semi-monthly period of September 1-15. Use information provided in Appendix one. Two: (30 marks) Calculate the amount of CPP and El that would be deducted from the gross pay of each employee for the bi-monthly period of September 1-15. Use information provided in Appendix two and three. Calculate the employers' contribution of CPP and El which STI has to pay for each employee. Use information provided in Appendix two and three. Three: (10 marks) Based on your calculations in required one and two above, calculate the net pay for each employee for the pay period September 1-15. Use information provided in Appendix three. Four: (5 marks) Calculate the total payroll cost for the Corporate Services department for the pay period: September 1- 15. Use relevant data from calculations performed earlier in required one-three. Five: (15 marks) In Appendix four you are provided with a list of ten fringe benefit items. If you were an employee in this company which five fringe benefits would be most important for you? Select them and calculate their cost for this pay period. The expenses will be paid for by the company. Alongside each benefit selected, indicate the reason as to why the choice was made. Federal Tax rates for 2021 Tax year: Tax Rate Taxable Annual Income 15% $49,020 20.5% $49,021 up to $98,040 26% $98,041 up to $151,978 29% $151,979 up to $216,511 33% $216,512 and up Ontario Tax Rates for 2021 Tax year: Tax Rate Taxable Annual Income 5.05% First $45,142, and 9.15% Over $45,142 up to $90,287, and 11.16% Over $90,287 up to $150,000, and 12.16% Over $150,000 up to $220,000, and 13.16% Over $220,00 and up APPENDIX TWO CPP CALCULATION CRITERIA CPP calculation details: Annual Maximum Pensionable Earnings Annual Basic Exemption Annual Maximum Contributory Earnings CPP Contribution Rate Annual Maximum CPP Employee/Employer Contribution $61,600.00 $3,500.00 $58,100.00 5.45% $3,166.45 APPENDIX THREE EI CALCULATION CRITERIA Annual Maximum Insurable Earnings Employee Contribution Rate Employer Contribution Rate Annual Maximum Employee Contribution Annual Maximum Employer Contribution APPENDIX FOUR FRINGE BENEFIT DETAILS SI. No Benefit name 1 Mediterranean lunch 2 Medical and Dental benefits Free snacks and beverages Leafs game: in person attendance Amazon Prime subscription Cellphone plan Pandora subscription Fit 4 life: fitness subscription Half day off on birthday Professional development seminar 3 4 5 6 7 8 9 10 Employment Insurance (EI) - Non-Qubec Employee $56,300.00 1.58% 2.21% $889.54 $1,245.36 Cost $22/ employee, provided twice in this pay period $450 per month, paid in this pay period $8 per employee per day, 15 days in this pay period $175 per employee, once in this pay period $10 per month, paid in this pay period $65 per employee, paid in this pay period $12 per employee, paid in this pay period $30 per month, paid half in this pay period $110, once in this pay period $200, once in this pay period