payroll deductions
Yesterday in class we basically left off where we started.. We are now learning about payroll deductions. First we started off with the CPP, EI, and also the Income taxes. and now we are adding other things like insurances, dental plans, and union dues. for example when you have union dues they don't get taxed. Just as we did the other day.. Here's an example:
Find Al Passey's net pay for the week. His claim code is 7, his weekly salary is $385.00, and he pays union dues of $3.80, a dental plan premium of $1.85, and the usual CPP, EI, and income tax deductions. He is paid weekly.
gross: $385.00
CPP - $15.73
EI - $6.93
(gross pay)$385.00 - $3.80(union dues) = $381.20
Federal Tax - 0
Provincial Tax - $2.65
Dental Plan - $1.85
$15.73 + $6.93 + $2.65 + $1.85 = $27.16
$385.00 - $27.16 = $357.84
note: the union dues didn't count for the federal tax and the provincial tax
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