1.
Caileh works in a manufacturing plant in Fort St. John, British Columbia. She works 44 hours per week, 36 weeks per year and is paid $46.50 per hour. Deductions from gross income are: Federal Income Tax 15%, Provincial Income Tax 5.06%, Employment Insurance 1.73%, Canada Pension Plan 4.95%. Calculate the deduction for her Federal Income Tax for the entire year.
Solution: Gross income = 46.50 × 44 × 36 = $73,656. Federal tax = 0.15 × 73,656 = $11,048.40.
2.
Surinder's gross pay last year was $21,400. He was paid weekly. Calculate how much he would pay in Canada Pension Plan contributions for the year.
Solution: Weekly pay = 21400 ÷ 52 = $411.53. CPP from table = $17.04/week. Yearly CPP = 17.04 × 52 = $886.08.
3.
Determine the total tax deductions (Federal and Provincial) for an employee whose weekly gross pay is $389.50. Use claim code 1.
Solution: Federal tax = $22.80 and Provincial tax = $3.85. Total tax deductions = $26.65.
4.
Darius earns $12.00 per hour for 32 hours per week. Determine the total amount he will pay in CPP and EI over the course of 4 weeks.
Solution: Weekly income = 32 × 12 = $384. CPP + EI = $15.68 + $6.64 = $22.32/week. For 4 weeks: 4 × 22.32 = $89.28.
5.
Surinder's gross pay last year was $21,100. He was paid weekly. Calculate how much he would pay in Canada Pension Plan contributions for the year.
Solution: Weekly pay = 21100 ÷ 52 = $405.77. CPP from table = $16.75/week. Yearly CPP = 16.75 × 52 = $871.00.
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