Calculate the EI, CPP , Federal tax, Provincial tax and Net pay for each of the following
Question:
Calculate the EI, CPP , Federal tax, Provincial tax and Net pay for each of the following students. All are bi-weekly pays.
Student | Gross Pay | Code | NO | CPP | Fed Tax | Prov Tax | Net |
Student A | 500.23 | 2 | |||||
Student B | 1000.49 | 2 | |||||
Student C | 245.74 | 3 | |||||
Student D | 1345.85 | 0 | |||||
Student E | 1234.85 | 1 | |||||
Student F | 2345.99 | 4 | |||||
Student G | 654.00 | 2 | |||||
Student H | 555.23 | 1 | |||||
Student I | 678.00 | 2 | |||||
Student J | 333.33 | 2 | |||||
Student K | 2332.99 | 3 | |||||
Student L | 765.99 | 1 |
Calculate the following payroll and demonstrate steps to get to your calculations. The following employees are paid b-weekly and are claim code 2.
Employee #1 ($15.00/hr)
Mon, Tue and Wed - 7 am - 3 pm , 1 hour lunch un-paid
Thurs and Fri --- 11 am - 7 pm , lunch un-paid
Employee #2: ($15.00/hr)
Mon to Fri ---- 7 am -2 pm hour lunch un-paid
Every second Saturday 8 am- 12 noon (no lunch)
Employee#3: ($15.00)hr
Mon, Tues --- 9 am - 5 pm 1 hour lunch un paid
Wed 8 am - 3 pm hour lunch unpaid
Thur 7 am - 4 pm 1 hour lunch un-paid
Fri 10 am - 2 pm no lunch
Employee # 4
Makes $35,000 per year, works 40 hours a week
How much does he/she make per hour
Employee #5
Makes $38,000 per year works Mon - Fri 7.5 hours a day
How many hours per pay period does he/she work?
How much does he/she get paid per hour?
Employee | NO | CPP | Fed Tax | Prov Tax | Net |
Employee 1 | |||||
Employee 2 | |||||
Employee 3 | |||||
Employee 4 | |||||
Employee 5 | |||||
Totals |
Calculate:
Part A: Employees Contribution
Part B: Employers contribution
Part C:Employers remittance
Employee 1
Employee 4
CPP ____________________ CPP_____________________
NO NO_______________________
Fed tax_____________________ Fed tax___________________
Provincial_____________________ Provincial _________________
Employee 2 Employee 5
CPP _____________________ CPP____________________
NO NO ______________________
Fed tax ____________________ Fed tax __________________
Provincial____________________ Prov tax __________________
Employee 3
CPP _____________________
NO_________________________
Fed tax____________________
Provincial__________________
https://www.canada.ca/en/revenue-agency/services/forms-publications/payroll/t4032-payroll-deductions-tables/t4032oc-jan/t4032oc-january-general-information.html
use this linkto see cpp,EI,FED tax,PRO tax
Precalculus Concepts Through Functions A Unit Circle Approach To Trigonometry
ISBN: 9780137945139
5th Edition
Authors: Michael Sullivan