An employee earns $$60,000$ per year and is paid on a semi$-$monthly pay

schedule. The employee enjoys the benefit of a company paid cell phone for

personal use $($cost is $$125$ per month$)$ and receives $6\%$ vacation pay on each

payment. This pay cycle included $14$ hours of approved overtime worked over

the normal $40$ hour work week and a reimbursement for travel expenses in the

amount of $$454\mathrm{.}20.$ The employee contributes $6\%$ of their regular wages to a

Registered Retirement Savings Plan each pay cycle.

Calculate the Gross Earnings.

Calculate the Pensionable Earnings.

Calculate the Insurable Earnings.

The employee is $32$ years old and has contributed $$1,220\mathrm{.}15$ to Canada

Pension Plan so far this year. Calculate the Canada Pension Plan

Contribution.

The employee is $32$ years old and has contributed $$480\mathrm{.}37$ to Employment

Insurance so far this year. Calculate the Employment Insurance

Premium.

Calculate the Gross Taxable Earnings.

Calculate the Net Taxable Earnings. Explain what deductions are allowed.

The employee is a Claim Code $1$ both Federally and Provincially and works

in Ontario. $3$ marks

Use the PDOC to calculate Provincial and Federal tax

deductions.

Calculate the net pay for this

employee.

Be sure to list all of the deductions from the employee's pay

for this pay cycle. $($Note: if you do not have access to the

PDOC assume Federal Tax deduction $=$$$394\mathrm{.}90$ and

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