Calculating CPP and EI Assignment (12 marks)

Tax Year 2021 CPP not given. the boxes also need to be filled in

Scenario One:

Calculate Gross Earnings, Gross Taxable Income, CPP, and EI given the information below:

• Hourly Wage: $15

• Paid Bi-weekly

• Birthdate: November 2, 1987

• No taxable benefits

• YTD CPP: $200

• YTD EI: $200

Schedule:

Monday	Tuesday	Wednesday	Thursday	Friday	Saturday	Sunday
8	8	8	8	8	0	0
8	8	8	8	8	0	0

Enter Answers here (4 marks):

Gross Earnings
Gross Taxable Income
CPP Deduction
EI Deduction

Show your work (2 marks):

Scenario Two:

Calculate Gross Earnings, Gross Taxable Income, CPP, and EI given the information below:

• Regular Hours: 75

• Over Time Hours: 10

• Hourly Rate: $20/hour

• Taxable benefits $25.25

• Paid Semi-monthly

• Birthdate: December 1, 1944

• YTD CPP: $0

• YTD EI: $230

Enter Answers here (4 marks):

Gross Earnings
Gross Taxable Income
CPP Deduction
EI Deduction

Show your work (2 marks):

Scenario Three:

Calculate CPP, and EI given the information below:

• Gross Earnings: $4000

• Taxable benefits: $50

• YTD CPP: $0

• YTD EI: $0

• Birthdate: January 18, 1947

• CPT30 Not completed and not collecting CPP or disability pension

• Paid bi-weekly

Enter Answers here (2 marks):

CPP Deduction
EI Deduction

Show your work (2 marks):

Scenario Four:

Calculate Gross Taxable Income, CPP, and EI given the information below:

• Gross earnings: $2307

• Paid Bi-weekly

• Taxable benefits of $60 per pay period

• Birthdate: June 2, 1998

• YTD EI: $200.00

• YTD CPP: $200.00

Enter Answers here (3 marks):

Gross Taxable Income
CPP Deduction
EI Deduction

Show your work (2 marks):