Question: Part 4 : Retro - Active Payment ( 8 Marks ) An employee who earns $ 1 , 1 9 5 bi - weekly received

Part 4: Retro-Active Payment (8 Marks)
An employee who earns $1,195 bi-weekly received an increase of 5.2%, which was applied retroactively for 13 pay periods.
Assume the employee is taxed @ 16% before their increase and is now taxed @,19%.
There will not be any CPP or EI max out. Ignore Vacation entitlements.
Required:
Calculate the retro-active pay owing, including all applicable statutory deductions, assuming the employee will receive the amount on a separate cheque from their regular earnings.
NOTE: Input answers below and demonstrate AII calculations.
Gross Retro Pay Owing =$??
CPP=$
Income Taxes =$
Part 4 : Retro - Active Payment ( 8 Marks ) An

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