Short Answer: 6 marks Betty is paid $2940 bi-weekly, based on a 35 hour work week. She is also paid a car allowance of $150.00 per pay-period to cover her travel to and from work. During this past pay-period, Betty worked overtime totalling 13 hours and she is paid time and one-half on all overtime hours. She also earned commissions of $500 this pay-period. She received a non-taxable meal allowance of $15/day for 2 days. The employer provides (and pays for) a company group term life insurance plan - Betty's monthly premiums are $80.00. Betty also receives a taxable clothing allowance of $150 per month. Finally, Betty also belongs to the company registered pension plan and contributes a flat $600 per pay-period, as well as paying union dues of $45 per pay-period. Her federal claim code is 1 and her provincial claim code is 2. Calculate Betty's net pay using the calculator method to determine CPP and El deductions - not the tables. For income tax amounts, find and use the correct tables from D2L. (Note: no part marks on this question. Your final answer must be within $0.05 to earn marks.) (Note #2: the clothing allowance is paid out evenly on each cheque.) HINT: NTI should = $3870.15 --- use HANDOUT #4 for tax deduction amounts NET PAY = HANDOUT #4 Federal tax deductions Effective January 1, 2021 Biweekly (26 pay periods a year) Also look up the tax deductions in the provincial table Pay From Less than 3472 - 3504 3504 3536 3536 3568 3568 3600 3600 3632 3632 3664 3664 3696 3696 3728 3728 3760 3760 3792 3792 3824 3824 3856 3856 3888 3888 3920 3920 - 3952 CCO 580.70 587.25 593.80 600.40 606.95 613.50 620.05 626.60 633.20 640.05 648.35 656,65 665.00 673.30 681.65 CC 1 501.05 507.60 514.15 520.70 527.25 533.85 540.40 546.95 553.50 560.35 568.70 577.00 585.35 593.65 601.95 CC 2 494.20 500.75 507.30 513.85 520.45 527.00 533.55 540.10 546.65 553.50 561.85 570.15 578.50 586.80 595.10 CC3 480.50 487.05 493.60 500.20 506.75 513.30 519.85 526.40 533.00 539.85 548.15 556.45 564.80 573.10 581.45 CC 4 466.80 473.35 479.95 486.50 493.05 499.60 506.15 512.75 519.30 526.15 534.45 542.80 551.10 559.40 567.75 CC 5 453.10 459.70 466.25 472.80 479.35 485.90 492.50 499.05 505.60 512.45 520.75 529.10 537.40 545.75 554.05 CC 6 439.45 446.00 452.55 459.10 465.65 472.25 478.80 485.35 491.90 498.75 507.10 CC 7 425.75 432.30 438.85 445.40 452.00 458.55 465.10 471.65 478.20 485.05 493.40 501.70 510.05 518.35 526.65 CC 8 412.05 418.60 425.15 431.75 438.30 444.85 451.40 457.95 464.55 471.40 479.70 488.00 496.35 504.65 513.00 CC 9 398.35 404.90 411.50 418.05 424.60 431.15 437.70 444.30 450.85 457.70 466.00 474.35 482.65 490.95 499.30 CC 10 384.65 391.25 397.80 404.35 410.90 417.45 424.05 430.60 437.15 444.00 452.30 460.65 468.95 477.30 485.60 515.40 523.70 532.05 540.35 Alberta provincial tax deductions Effective January 1, 2021 Biweekly (26 pay periods a year) Also look up the tax deductions in the federal table CC 1 276.50 . CC 4 249.25 252.45 255.65 258.85 262.05 265.25 Pay From Less than 3650 - 3682 3682 3714 3714 - 3746 3746 - 3778 3778 3810 3810 - 3842 3842 - 3874 3874 3906 3906 3938 3938 3970 3970 4002 4002 4034 4066 4066 - 4098 4098 4130 268.45 CCO 351.00 354.20 357.40 360.60 363.80 367.00 370.20 373.40 376.60 379.80 383.00 386.20 389.40 392.60 395.80 279.70 282.90 286.10 289.30 292.50 295.70 298.90 302.10 305.30 308.50 311.70 314.90 318.10 321.30 CC 2 271.05 274.25 277.45 280.65 283.85 287.05 290.25 293.45 296.65 299.85 303.05 306.25 309.45 312.65 315.85 CC3 260.15 263.35 266.55 269.75 272.95 276.15 279.35 282.55 285.75 288.95 292.15 295.35 298.55 301.75 304.95 CC 5 238.35 241.55 244.75 247.95 251.15 254.35 257.55 260.75 263.95 267.15 270.35 273.55 276.75 279.95 283.15 CC 6 227.45 230.65 233.85 237.05 240.25 243.45 246.65 249.85 253.05 256.25 259.45 262.65 265.85 269.05 272.25 CC 7 216.55 219.75 222.95 226.15 229.35 232.55 235.75 238.95 242.15 245.35 248.55 251.75 254.95 258.15 261.35 CC 8 205.65 208.85 212.05 215.25 218.45 221.65 224.85 228.05 231.25 234.45 237.65 240.85 244.05 247.25 250.45 CC 9 194.75 197.95 201.15 204.35 207.55 210.75 213.95 217.15 220.35 223.55 226.75 229.95 233.15 236.35 239.55 CC 10 183.85 187.05 190.25 193.45 196.65 199.85 203.05 206.25 209.45 212.65 215.85 219.05 222.25 225.45 271.65 274.85 278.05 281.25 284.45 287.65 290.85 294.05 4034 228.65