Short answer questions:

1. If an organization deducts $25,500 in CPP contribution from its employees and $19,100 in Employment Insurance premiums, how much would have to be remitted in total to the CRA?

(3 Marks)

	CPP	EI	TOTAL
EMPLOYEE	$25,500	$19,100
EMPLOYER
TOTAL

2. Lois worked in Toronto, Ontario since 2016. He is entitled to take vacation time and vacation pay according to employment/labour standard in Ontario. His earnings for 12-months are $46,048.90 for regular wages, $3,328.59 for overtime pay, $1,950.59 for statutory holiday pay and $1,0002 for retroactive pay, $2,500.00 for car allowance. 3 Marks

1. How many weeks he is entitled to get vacation?

2. How much will be his vacationable earnings and vacation payment?

3. FTG Industries in Ontario has to terminate 15 employees due to a shortage of work. The company will be paying them wages in lieu of notice rather than have them work by the legislated notice period. Angela worked for 3 years, earns $17.50 per hour, 8 hours per day and 5 days per week.

3 Marks

1. Calculate her weekly wage.

2. Calculate her wages in lieu of notice.

4. Doris MacNeil works for Modern Furniture in Alberta and receives on her pay bi-weekly salary $1,5685, overtime $352.96, 4% vacation pay $15.72, group-term life insurance non-cash taxable benefit $25.75, taxable car allowance $50.00. Also, he contributes $40.95 to the RPP and pays $7.00 in union dues each pay. 3 Marks

1. Calculate his Gross pensionable/taxable income.

2. Calculate his total deductions.

3. Calculate his net taxable income.

5. Sarah works in Alberta. She earns $7945 per week. She pays $15.00 union dues and her federal CC-3 and provincial CC-3 on TD1. 5 Marks

1. How much will be her CPP contribution?

2. How much will be her EI premium?

3. How much will be her total tax deduction?

6. Calculate the hours in the following examples for an employee in Ontario who works 8 hours a day, 5 days a week. 5 marks

1. Calculate worked in a week where the employee did not work on the holiday MONDAY

S	M	T	W	T	F	S	Total hours worked	Regular hours	Overtime hours	Statutory holiday
	0	10	9	12	9	8

2. Hours worked in a week where there was no holiday

S	M	T	W	T	F	S	Total hours worked	Regular hours	Overtime hours	Statutory holiday
	8	9	11	10	9	7

7. Grace works for Priority Packaging in Alberta and is paid $2,063.46 bi-weekly. She contributes 3% of her gross earnings to a Registered Retirement Savings Plan for each pay. Grace pays $19.00 bi-weekly for union dues and receives a group term life insurance non-cash taxable benefit of $28.00 each pay. Her federal and provincial TD1 claim codes are 2 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Calculate Graces net pay. 8 Marks