Step $2$: Pensionable Earnings

Step $3$: Insurable Earnings

Step $4$: CRA Net Taxable Income

Step $5$: Revenu Quebec Net Taxable Income $($No answer required$)$

Step $6$: Canada Pension Plan $($CPP$)$ contribution:

Step $7$: Employment Insurance $($EI$)$ premium:

Step $8$: QPIP $($No answer required$)$ Step $8$: QPIP $($No answer required$)$

Step $9$: Federal Income Tax

$$

Step $10$: Provincial Income Tax

$$

Step $11$: Total Deductions

$$

Step $12$: Net Pay.

$$Amy Dion works in Alberta and earns $$75,390\mathrm{.}90$ a year, which is paid on a

semimonthly basis. Amy is over the age of $18,$ under the age of $70,$ and not in receipt of

benefits from either the Canada or Qu$$bec Pension Plans. Amy is claiming Code $3$ on

her federal and provincial TDI forms.

Amy participates in the company's group Registered Retirement Savings Plan $($RRSP$),$

to which she contributes $$250\mathrm{.}00$ each pay. She also contributes $$25\mathrm{.}00$ each pay for

coverage in the company's dental plan. The employee has a non$-$cash taxable benefit

for group term life insurance of $$36\mathrm{.}75$ per pay.

She will not meet maximum CPP contributions or El premiums with this pay.

Calculate net pay:

Step $1$: Calculate gross earnings.