Review Questions

What is the differesce berween pemsionable and contributory earnings? $($S LO$1)$

What amouses are added to or defucted from gross earnings in calculating pessionable earnings? $($G LOI$)$

How are insurable earnings calculated? $($GO LO$2)$

How are the federal and peoviacial$/$Jerritorial TDI amounts claimed by employees used in calculating wax withholdings? $($G LO$3)$

What are the five available reductions from gross taxable income to calculate net tavable income? $($G$)$ LO$3)$

Assessment Questions

Lisa Chie is a $17-$year$-$dd student workine purt$-$lime in British Colambia. Her wages foe the currest biweelly pay periad sotal $$450$ and the

employer pays $$22$ per month Sor life insarance premiuma. Peroonal tax exmption claimed is basic $1$ for federal and proviacial purposes.

Pensionable income is: $(97$ LOL. $92\mathrm{.}33$