Gross Pay/Pay Method
I make $17.25 an hour and work 10 hours.(no vacation pay)
What is $172.50
My rate is $17.25 an hour and work 10 hours. I have $24.56 deducted from my check.
What is $147.94
Federal and Provincial
How many more paycheques would a person gets if they switched from a semi-monthly pay schedule to a weekly pay schedule.
52-24= 28
Fixed costs
I make $18.00 an hour and work 15 hours. (No vacation pay)
What is $270.
My rate is $18.00 an hour and work 15 hours. I have $35.65 deducted from my check.
What is $234.35
True or False. Taxes are based on our gross pay.
False
Taxes are based on Taxable Income
Total Gross: $75,000
Deductions: $15,000
Net Pay on weekly paycheque
$1153.85.
Is insurance a fixed or variable costs ?
Fixed Costs
I make $10 an hour and work 20 hours. I also received $75 in tips.
What is $275.
My rate is $20 an hour and I work 10 hours. I have $53.20 deducted from my check.
What is $146.80.
Gross Pay: $2000
EI:$32
CPP: $120
Average Tax: 17.5%
Total Taxes = ?
$323.40
Annual Salary: $50,000
Vacation Pay: $2,000
Deductions: $9,000
Net Pay on Semi-Monthly Paycheque
$1791.67
Is utilities a fixed costs or variable costs ?
Variable Costs
I make $15 an hour and work 40 hours. I also got 2% off a $10,000 sale last week.
What is $800.
My rate is $15 and I work 40 hours. I have $123.45 deducted.
What is $476.55.
Gross Pay: $600
EI:$9.50
CPP: $39
Tax Rate: 15% Federal, 5.05% Provincial
Total Taxes = ?
$113.06
Annual Salary: $100,000
Vacation Pay: $4000
Deductions: $25,000
Net Pay on Monthly Paycheque
What is $6583.33
Fixed Costs: $700
Variable Costs: $500
Net Income: $1150
What's the balance for this budget ?
$1150-$700-$500 = $-50 (overspent)
I make $21 an hour and work 40 hours last week + 4% vacation pay.
What is $873.6
Rate $22.5
Hours= 40
Extra: 4% Vacation Pay
Deductions= $176.98
What is $759.02
Gross Pay: $1000
EI:$16.6
CPP: $59.5
Tax Rate: 15% Federal, 5.05% Provincial
Total Taxes = ?
$189.40
Annual Salary: $66,000
Vacation Pay: $2,640
Deductions: $12,500
Net Pay on Bi-Weekly Paycheque
$2159.23
Fixed Costs: $750
Variable Costs: $275
Net Income: $1050
What's the balance for this budget ?
$1050-$750-$275
= $25