Question
Use rates from 2023 to determine your calculations . Only the earnings provided should be included in your calculations. You do not need to calculate
Use rates from 2023 to determine your calculations. Only the earnings provided should be included in your calculations. You do not need to calculate vacation or any other amounts. Show all calculations and clearly label: pensionable earnings; insurable earnings; CPP deduction, QPP deduction; and EI deduction.
1.Jane works in Ontario and is paid on a bi-weekly basis. She has the following type of earnings & benefits. Determine which are pensionable and insurable and then calculate the CPP and EI deductions.
a. Regular $1800
b. Vacation Payout $500
c. Night Shift Premium $50
d. Group Life Employer paid Taxable benefit $15
2. Lane works in Quebec and is paid on a semi-monthly basis. He has the following types of earnings & benefits. Determine which are pensionable and insurable and then calculate the CPP and EI deductions.
a. Statutory Holiday Pay $200
b. Regular $1650
c. Employer paid Parking $50
3. Tim works in Nova Scotia and is paid on a monthly basis. He is receiving a separate special payment (in addition to his 12 pays in the year) for a long service award. He is receiving an amount of $500 cash and he has not received a long service aware for 5 years. Determine which are pensionable and insurable and then calculate the CPP and EI deductions.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started