Question: Part 4 : Retro - Active Payment ( 8 Marks ) An employee who earns $ 1 , 1 9 5 bi - weekly received
Part : RetroActive Payment Marks
An employee who earns $ biweekly received an increase of which was applied retroactively for pay periods.
Assume the employee is taxed @ before their increase and is now taxed @
There will not be any CPP or EI max out. Ignore Vacation entitlements.
Required:
Calculate the retroactive pay owing, including all applicable statutory deductions, assuming the employee will receive the amount on a separate cheque from their regular earnings.
NOTE: Input answers below and demonstrate AII calculations.
Gross Retro Pay Owing $
$
Income Taxes $
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