Answer Happy

USING CANADIAN PAYROLL DEDUCTION ONLINE CALCULATOR SOLVE THE
FOLLOWING
1. Monica works in Ontario. She is 32 years old and she takes only the basic personal exemptions on her TD1 forms. a. She earns $95,000 per year. b. She contributes 10.2% of every pay to her company sponsored RPP. The company adds a 10.3% match. Cheques are remitted to Great West Lifeco., who is the pension fund trustee. c. Union dues are calculated at a rate of 1.57% of her gross pay. d. Monica will receive a one-time bonus this pay period of $10,000. e. Vacation pay is not paid out every cheque. f. The company has a garnishment order that states 15% of her net pay from each cheque is to be remitted to the Provincial Court of Queen's Bench, payable to the Minister of Finance for a bankruptcy judgement. The garnishment amount must be taken from any type of pay she receives. g. The company uses a bi-weekly pay schedule, and the next pay date is February 26. Calculate her gross pay. Using the PDOC, calculate her El, CPP, and net pay. Federal TD1 amount 1 point Provincial TD1 amount 1 point YTD Pensionable and 10,961.54 insurable earnings YTD El contributions 173.19 YTD CPP contributions 575.40 RPP Contribution amount 1 point Company RPP amount 1 point Union dues 1 point RPP Contribution on bonus 1 point Company RPP bonus cont. 1 point Union dues on bonus 1 point Garnishment amount 1 point 157.00 ITIUUEZ Employee Gross pay Bonus Pay CPP premiums on reg pay CPP premiums on Bonus El premiums on reg pay El premiums on Bonus Income tax on reg pay Income tax on bonus Net pay before garnishment Garnishment amount Net pay Goich Employer 1 point 1 point points 2 points points JZ.UZ total) 2 pts 1 point 1 point 1 point 1 point 1 point POUR