Question: 1. Cal has worked 120 hours this month and earned $4380. If he works 1500 hours this year, how much will be paid in CPP

1. Cal has worked 120 hours this month and earned $4380. If he works 1500 hours this year, how much will be paid in CPP and EI assuming CPP is at 5.45% and EI is at 1.58%, and the first $3500 are CPP exempt?

2. Lily is a store manager and gets paid biweekly. Her biweekly salary is $3763.28. What is her annual salary?

3. Justin works at a jello factory. He makes different types of jello all day. His weekly salary is $500.25. However, his employer decided to change

the pay period to semimonthly. What will Justin’s semimonthly salary be to the nearest cent (two decimals)?

4. Jamie is an hourly employee who currently earns $25 per hour, and regularly works 32 hours per week. Jamie is paid vacation @ 4%.

For the last payroll cycle, which was biweekly, Jamie worked for 78 hours. He had $400 in mandatory deductions and 3% for health insurance.

Calculate Jamie's net pay

Step by Step Solution

3.45 Rating (148 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

1 Call worked for Earnings Earning per hour No of hours wor... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!