Review the following situations and for each pay period determine the employee's net pay by calculating what earnings &

benefits are subject to Income Tax, Canada $/$ Quebec Pension Plan, Quebec Parental Insurance Plan $($if applicable$)$ and

Employment insurance.

Ensure to reduce net and taxable income by any applicable voluntary$/$non statutory deductions as well.

The amounts to be calculated for each employee are:

Taxable income:

Insurable income:

Pensionable income:

Federal tax

Provincial tax

CPP deduction

El deduction

Gross earnings:

Total Deductions

Net Pay

All rates should be based on $2023.$

When using the PDOC set the date to January $6,2023$

Show all calculations and clearly label the numbers you present

Employee Information:

a$)$ Lawrence works in Alberta and is paid on a bi$-$weekly basis. He has a claim code of $1$ on both his TD$1$ and TD$1$AB$.$ He

has the following type of earnings, benefits & deductions. He will not max out on CPP or El this pay and will have full

deductions.

i$)$ Regular $$2,500$

ii$)$ Vacation Pay $$500$

iii$)$ Group Life $-$ Employer paid Taxable benefit $$25$

iv$)$ RRSP contribution $-$ Employee deduction $$300$

v$)$ Coffee Fund $$5$

Calculate Lawrence's pensionable, insurable and taxable amounts. Then calculate CPP &$.$ El deductions and look up the

corresponding federal and provincial tax amounts in the tax tables based on his province, pay frequency and claim codes.

Once all deductions have been calculated figure out the net pay.

b$)$ Celine works in Nova Scotia and is paid on a semi$-$monthly basis. She has a claim code of $2$ on both her TD$1$ and

TD$1$NS$.$ She has the following type of earnings, benefits & deductions. She will not max out on CPP or El this pay and

will have full deductions.

i$)$ Regular $$3,500$

ii$)$ Overtime $$450$

iii$)$ Parking $-$ Employer paid Taxable benefit $$50$

iv$)$ RPP contribution $-$ Employee deduction $$250$

v$)$ Union Dues $$50$

Calculate Celine's pensionable, insurable and taxable amounts. Then calculate CPP & El deductions and look up the

corresponding federal and provincial tax amounts in the tax tables based on her province, pay frequency and claim codes.

Once all deductions have been calculated figure out the net pay.

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