1. Review the following situations and determine the employees net pay by figuring out what earnings & benefits are subject to Income Tax, Canada / Quebec Pension Plan, Quebec Parental Insurance Plan (if applicable), and Employment insurance. Make sure to reduce net and taxable income by any applicable voluntary/non-statutory deductions as well. All rates should be based on 2019.

1. Lawrence works in Alberta and is paid on a bi-weekly basis. He has a claim code of 1 on both his TD1 and TD1AB. He has the following type of earnings, benefits & deductions. He will not max out on CPP or EI this pay and will have full deductions.

1. Regular $2000
2. Vacation Pay $1000
3. Group Life Employer-paid Taxable to benefit $25
4. RRSP contribution $150
5. Coffee Fund $5