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Calculating Net Pay
Assignment 5
1. a) Gross pay = $300/week
       Claim code = 0

        CPP = 11.52
        EI = 5.19
        Federal tax = 39.50
        Provincial tax = 30.50


Net Pay = 300 - 11.52 - 5.19 - 39.50 -
30.50 = 213.29
1. b) Gross pay = 326.50 / week
       Claim Code = 3

         CPP = 12.83
         EI = 5.65
         Fed Tax = 5.45
         Prov tax = 11.15

Net Pay = 326.50 - 12.83 - 5.65 - 5.45 -
11.15 = 291.42
1. c) Gross pay = $410 / week
        Claim code = 1

          CPP = 16.96
          EI = 7.09
          Fed Tax = 25.60
          Prov Tax = 24.90

Net Pay = 410 - 16.96 - 7.09 - 25.60 -
24.90 = $335.45
1. d) Gross pay = $309.76 / week
       Claim code = 5

         CPP = 12.00
         EI = 5.36
         Fed Tax = 0
         Prov Tax = 2.50

Net Pay = 309.76 - 12.00 - 5.36 - 0 -
2.50 = $289.90

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Calculating Net Pay Assignment 5

  • 2. 1. a) Gross pay = $300/week Claim code = 0 CPP = 11.52 EI = 5.19 Federal tax = 39.50 Provincial tax = 30.50 Net Pay = 300 - 11.52 - 5.19 - 39.50 - 30.50 = 213.29
  • 3. 1. b) Gross pay = 326.50 / week Claim Code = 3 CPP = 12.83 EI = 5.65 Fed Tax = 5.45 Prov tax = 11.15 Net Pay = 326.50 - 12.83 - 5.65 - 5.45 - 11.15 = 291.42
  • 4. 1. c) Gross pay = $410 / week Claim code = 1 CPP = 16.96 EI = 7.09 Fed Tax = 25.60 Prov Tax = 24.90 Net Pay = 410 - 16.96 - 7.09 - 25.60 - 24.90 = $335.45
  • 5. 1. d) Gross pay = $309.76 / week Claim code = 5 CPP = 12.00 EI = 5.36 Fed Tax = 0 Prov Tax = 2.50 Net Pay = 309.76 - 12.00 - 5.36 - 0 - 2.50 = $289.90