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Calculate the net pay owing

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Reference no: EM133070163

Question - An employee who earns $1,060 bi-weekly received an increase of 4.8%, which was applied retroactively for 14 pay periods.

Assume the employee is taxed @ 15% before their increase and is now taxed @ 18%.

There will not be any CPP or EI max out. Ignore VK entitlements.

Required - Calculate the net pay owing, including all applicable statutory deductions, assuming the employee will receive the retro-active pay on the same cheque as their new regular earnings.

Reference no: EM133070163

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