COMPREHENSIVE NET PAY CALCULATION 20% IN THE FINAL

Completeand submit before class time

Use the following situation to calculate amounts for Questions 1-12.

Hemal Thomas is an employee in Ontario. The net pay calculation is for the first biweekly pay of 2019. The employee is 32 years old and in this pay is entitled to 70hours' regular pay at $20.00/hour, three hours of overtime at time and a half, and a $100.00 safety shoe allowance. The employee also receives a monthly car allowance of $200.00 and the employer pays group life insurance of $35.00 a month. Vacation at 4% is accrued.The employee contributes $20.00 per pay to the United Way, $20.00 per month to the company social club, and $15.00 per pay for union dues. The employee's TD1 federal and provincial codes are both 2.

1. The gross earnings for the pay period

2. Canada Pension Plan contributory earnings

3. Taxable benefits

4. Insurable earnings

5. The Canada Pension Plan contribution

6. The employment insurance premium

7. Gross taxable earnings

8. Net taxable earnings

9. Federal income tax

10.The Ontario income tax

11.Total deductions

12.Net pay for the pay period

13.note down all payroll journal entries required