Conversions

Questions 1,2,3,4

Pg. 87 1-4
1. Gross pay is the amount before you pay any deductions.
Taxable income is the amount of money you’re going to pay tax on.
2. A) $1458.00 Semi-monthly (24) B) $1346.00 biweekly (26).
A) Per year = $34992.00
B) Per year = $34996.00
3. $750.00 x $0.0180 = $13.50
Lianne’s EI premium will be $13.50.
4. $3170.06 - $17.12 - $126.40 = $3026.54
A) Helen’s taxable income is $3026.54 semi-monthly.
B) Taxable income is higher than net pay because income tax, CPP, and EI are deducted from the taxable income to calculate the next pay.

Matt and Nicks work

Natalie&Jordan #5

This is what we did to calculate Amber's pay in biweekly.

question 8 pg 91 of the soft cover workbook

8)Chandra works as a flight dispatcher at the Calgary airport. Her Annual salary is $37,000.00 and her TDI claim is 2.
                A)Calculate her bi-weekly gross pay
                      37,000/26= 1,423.00
                 B) What will be her deductions be for CPP,EI, and income for each tax period?
                        CPP deductions=63.78
                          EI deductions=24.62

                 C) What will her net pay be ?
                          Her net pay is 1,142.14                        

Brenna&River #7

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In this project we calculated a pay roll for a guy named Pierre.He lives in Manitoba and works at K&M Construction.He earns a semi monthly pay.We had to enter the amount he got paid in 2 weeks.We entered it into the income then pressed the calculate bottom.Then that what gave us our net pay....lawl

Vinny Valentine net pay calculation

Vinny works in Virden for Uncle Joe's Logging Inc.

Here is his pay summary from the Federal Net Income calculator: