Question $21$

Please answer all questions

Rick works for Golden Handcuffs Security in Alberta and is paid $$1,800\mathrm{.}96$ bi$-$weekly. He contributes $5\%$ of his gross earnings to a Registered Retirement Savings Plan each pay. Rick pays $$24\mathrm{.}00$ bi$-$weekly for union dues and receives a group term life insurance non$-$cash taxable benefit of $$20\mathrm{.}00$ each pay. paid $100\%$ by his employer.

He will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment.

His federal and provincial TD$1$ claim codes are $1$

Calculate Rick's net pay, following the order of the steps in the net pay template. Any Quebec related steps have been removed $($e$.$g$.$ Step $5).$He will notreach the annual maximums for Canada Pension Plan or Employment Insurance with this payment.

His federal and provincial TD$1$ claim codes are $1$

Calculate Rick's net pay, following the order of the steps in the net pay template. Any Quebec related steps have been removed $($e$..$ Step $5).$

Step $1$: Gross earnings $$

Step $2$: Pensionable earnings $$

Step $3$: Insurable earnings $$

Step $4$: CRA net taxable income $$

Step $6$: Canada Pension Plan contribution $$

Step $7$: Employment Insurance premium $$

Step $9$: Federal income tax $$

Step $10$: Provincial income tax $$

Step $11$: Total deductions $$

Step $12$: Net pay $$