Calculating Net Pay Assignment 5

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Calculating Net Pay Assignment 5

  1. 1. Calculating Net Pay Assignment 5
  2. 2. 1. a) Gross pay = $300/week Claim code = 0 CPP = 11.52 EI = 5.19 Federal tax = 39.50 Provincial tax = 30.50 Net Pay = 300 - 11.52 - 5.19 - 39.50 - 30.50 = 213.29
  3. 3. 1. b) Gross pay = 326.50 / week Claim Code = 3 CPP = 12.83 EI = 5.65 Fed Tax = 5.45 Prov tax = 11.15 Net Pay = 326.50 - 12.83 - 5.65 - 5.45 - 11.15 = 291.42
  4. 4. 1. c) Gross pay = $410 / week Claim code = 1 CPP = 16.96 EI = 7.09 Fed Tax = 25.60 Prov Tax = 24.90 Net Pay = 410 - 16.96 - 7.09 - 25.60 - 24.90 = $335.45
  5. 5. 1. d) Gross pay = $309.76 / week Claim code = 5 CPP = 12.00 EI = 5.36 Fed Tax = 0 Prov Tax = 2.50 Net Pay = 309.76 - 12.00 - 5.36 - 0 - 2.50 = $289.90

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