Question: need help as soon as possible need help as soon as possible Danny is due to receive a work-related bonus of $2,600.00. This bonus will

 need help as soon as possible need help as soon as need help as soon as possible
possible Danny is due to receive a work-related bonus of $2,600.00. Thisneed help as soon as possible
bonus will be paid separately from his regular bi-weekly salary of $1,900.00.

Danny is due to receive a work-related bonus of $2,600.00. This bonus will be paid separately from his regular bi-weekly salary of $1,900.00. Calculate Danny's Canada Pension Plan contribution on the bonus. He will not reach the 2019 annual maximum Canada Pension Plan contribution with this payment Hint: If a non-regular payment is paid separately from the regular salary or wages payment, the manual calculation method must be used, without applying the pay period exemption, as the exemption would have been applied when calculating the Canada Pension Plan or Qubec Pension Plan contributions on the regular pay period pensionable earnings. Becca Harris works for Shallow Inc. in Lethbridge, Alberta. Becca is going to receive a $6,000.00 performance bonus on her next pay for meeting her previous year objectives. The bonus is the first Becca has received this year and will be paid on a separate cheque. Becca claims code 1 on her federal and provincial TD1s. Her regular bi-weekly salary is $1,650.00 and she has a group term life insurance non-cash taxable benefit of $12.50 per pay. She will not reach the annual maximums for CPP contributions or El premiums with this payment. Use this information to answer questions 3-7 Calculate Becca's CPP contribution. Answer: F Calculate Becca's Employment Insurance Premium Answer: Using the federal tax tables for an Alberta employee, determine the federal tax to withhold on the entire bonus, payment Hint: Use the bonus method when calculating income taxes. Look at "Example 1 - First or once-a-year bonus payment' on the Google Doc. Answer: Using the provincial tax tables for an Alberta employee, determine the provincial tax to withhold on the entire bonus, payment. Hint: Use the bonus method when calculating income taxes. Look at "Example 1 - First or once-a- year bonus payment on the Google Docs Answer: Calculate Becca's net bonus payment

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