Calculating Net Pay Assignment 5
5
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Transcript of Calculating Net Pay Assignment 5
Calculating Net PayAssignment 5
1. a) Gross pay = $300/week Claim code = 0
CPP = 11.52EI = 5.19Federal tax = 39.50Provincial tax = 30.50
Net Pay = 300 - 11.52 - 5.19 - 39.50 - 30.50 = 213.29
1. b) Gross pay = 326.50 / weekClaim Code = 3
CPP = 12.83EI = 5.65Fed Tax = 5.45Prov tax = 11.15
Net Pay = 326.50 - 12.83 - 5.65 - 5.45 - 11.15 = 291.42
1. c) Gross pay = $410 / weekClaim code = 1
CPP = 16.96EI = 7.09Fed Tax = 25.60Prov Tax = 24.90
Net Pay = 410 - 16.96 - 7.09 - 25.60 - 24.90 = $335.45
1. d) Gross pay = $309.76 / weekClaim code = 5
CPP = 12.00EI = 5.36Fed Tax = 0Prov Tax = 2.50
Net Pay = 309.76 - 12.00 - 5.36 - 0 - 2.50 = $289.90
