Alaya works for ABBA in British Columbia and earns an annual salary of $84,000.00 and is paid monthly. Alaya's employment will be terminated at the end of this pay period. She is entitled to 6% vacation pay on her vacationable earnings of $88,000.00 and 4 weeks' wages in lieu of notice. Her vacation-pay and wages in lieu of notice will be paid together on a separate payment from her regular pay. 

Alaya's federal and provincial TD1 claim codes are 2. She will not reach the Canada Pension Plan or Employment Insurance annual maximums this pay period 

Calculate the employee's net pay on the separate payment Use 2020 rates. Use the table titled "British Columbia - Effective July 1, 2020" 

Discretion British Columbia requires employers to pay their employees at least twice a month with intervals no longer than sixteen days (Dryden, 2019). However, I am assessing your ability to calculate net pay, so use the fictitious information above to determine Alaya's net pay for the separate termination payment 

Use the bonus method when calculating income taxes.

Answer rating: 100% (QA)

Vacation Pay 6 of 8800000 528000 Wages in lieu of notice 4 weeks x 8400000 52 weeks 192... View the full answer