Calculate the net pay for the employee

Reference no: EM132780808

Rachel McAdams an employee earns $55,000 per year and is paid on a semi-monthly pay schedule. The employee enjoys the bene?t of a company paid cell phone for personal use (cost is $150 per month} and receives 6% vacation pay on each payment. This pay cycle included 15 hours of approved overtime worked over the normal 40 hour work week and a reimbursement for travel expenses in the amount of $434.20. The employee contributes 5% of their regular wages to a Registered Retirement Savings Plan each pay cycle.

Problem 1: Calculate the net pay for this employee. Be sure to list all of the deductions from the employee's pay for this pay cycle. (Note: it you do not have access to the PDOC assume Federal Tax deduction = $394.90 and Provincial Tax deduction = $191.45} Based on 2019 rates and T4032 tables.

Reference no: EM132780808

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