Part $1$: Net Pay & Vacation $(18$ Marks$)$

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An employer provides the following, per weekly pay:

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Group Medical Coverage, valued at $$50$

Life Insurance, valued at $$125$ including HST

Registered Pension Plan, valued at $$80$

Tool Allowance, in the amount of $$100$

Meal Allowance, in the amount of $$40$

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The employee contributes to the following, per weekly pay:

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United Way Campaign, in the amount of $$20$

Garnishment, in the amount of $$75$

Parking, in the amount of $$55$

Union dues, in the amount of $$130$

Group Disability Insurance, in the amount of $$90$

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Additionally, assume that Income Taxes are deducted at the combined rate of $20\%,$ CPP & EI will NOT $$max out$$ this pay period and vacation time is $$accrued$,$ not paid.

CPP rate is $5\mathrm{.}95\%$ and annual exemption is $$3500$

EI rate is $1\mathrm{.}63\%$

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Required:

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a$)$ Calculate the employees Net Pay for one weekly pay period, assuming an annual salary of $$117,000$;

NOTE: marks will be allocated for clearly labeling and providing calculations for EACH STEP of the six$-$step process model provided.

b$)$ Assuming the employee was hired exactly $5$ months ago and is entitled to $6$ weeks$$ vacation per annum, use the salary provided to determine how many Vacation days are still banked and what Vacation dollars are owing, after taking $7$

days$$ off.

NOTE: Input final answers below and demonstrate ALL calculations.

Total Vacation Days Outstanding $=$ #

Total Vacation Pay Accrued $=$ $