Calculate the net pay for this employee

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Problem - 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. Calculate the net pay for this employee. Be sure to list all of the deductions from the employee's pay for this pay cycle.

Reference no: EM132748850

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