1. Cal has worked 120 hours this month and earned $4380. If he works 1500 hours this...
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 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
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-1259692406
18th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello