Question: Calculating CPP and El Assignment (12 marks) Scenario One: Calculate Gross Earnings, Gross Taxable Income, CPP, and El given the information below: Hourly Wage: $15




Calculating CPP and El Assignment (12 marks) Scenario One: Calculate Gross Earnings, Gross Taxable Income, CPP, and El 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 El Deduction Show your work (2 marks):Scenario Two: Calculate Gross Earnings, Gross Taxable Income, CPP, and El 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 El: $230 Enter Answers here (4 marks): Gross Earnings Gross Taxable Income CPP Deduction El Deduction Show your work (2 marks):Scenario Three: Calculate CPP, and El 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 El Deduction Show your work (2 marks):Scenario Four: Calculate Gross Taxable Income, CPP, and El given the information below: Gross earnings: $2307 . Paid Bi-weekly . Taxable benefits of $60 per pay period Birthdate: June 2, 1998 . YTD El: $200.00 . YTD CPP: $200.00 Enter Answers here (3 marks): Gross Taxable Income CPP Deduction El Deduction Show your work (2 marks)
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