Hemal Thomas is an employee in British Columbia. The net pay calculation is for the first bi-weekly pay of 2022. The employee is 32 years old and is entitled to 70 hours regular pay at $20/hour, 3 hours of overtime at time-and-a-half, and a $100 safety shoe allowance for this pay period. The employee also receives a monthly car allowance of $200 and the employer pays group life insurance of $35 a month. Vacation at 4% is accrued. The employee contributes $20 per pay to the United Way, $20 per month to the company social club, and $15 per pay for union dues. The employee's TD1 federal and provincial are code 2. (Assume 26 weeks in a year.) CPP contribution is:
Hemal Thomas is an employee in British Columbia. The net pay calculation is for the first bi-weekly pay of 2022. The employee is 32 years old and is entitled to 70 hours regular pay at $20/hour, 3 hours of overtime at time-and-a-half, and a $100 safety shoe allowance for this pay period. The employee also receives a monthly car allowance of $200 and the employer pays group life insurance of $35 a month. Vacation at 4% is accrued. The employee contributes $20 per pay to the United Way, $20 per month to the company social club, and $15 per pay for union dues. The employee's TD1 federal and provincial are code 2. (Assume 26 weeks in a year.) CPP contribution is:
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 1PB
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Transcribed Image Text:Hemal Thomas is an employee in British Columbia. The net pay calculation is for the first bi-weekly pay of 2022. The employee is 32 years old and is entitled to 70
hours regular pay at $20/hour, 3 hours of overtime at time-and-a-half, and a $100 safety shoe allowance for this pay period. The employee also receives a monthly
car allowance of $200 and the employer pays group life insurance of $35 a month. Vacation at 4% is accrued. The employee contributes $20 per pay to the United
Way. $20 per month to the company social club, and $15 per pay for union dues. The employee's TD1 federal and provincial are code 2. (Assume 26 weeks in a
year.)
CPP contribution is:
Multiple Choice
O
$73.76
$79.13
$79.78
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