Payroll
Earnings before deductions
What is Gross pay?
Deductions
Rental, home ownership, sharing with family
What are shelter?
I can work until I am 65.
What is the age of retirement?
40 x $15.00 = 600.00
What is an hourly wage earner?
CPP and EI
What are fixed deductions that have a yearly limit taken off wages?
What is food?
My grades were so good I got 10,000 for tuition.
What is a scholarship or bursary?
600.00 - 192.00 = 408.00 pay cheque
What is net pay?
Federal and Provincial Taxes
What are fixed deductions taken off on all wages earned?
Used, new or leased vehicle
What is transportation?
You are in an accident and a passenger is hurt this covers their expenses.
What is liability Insurance?
2580 for 4.3 weeks
What is paid monthly?
Prescriptions, glasses and dental
What are health care benefits deductions?
I got mine Mom's old dresser and the bed from my old room.
What are furnishings?
My bank account always has 1400.00 in it just in case.
What are 2 months of bills?
60 - 44 = 44 regular hours and 16 hours paid at 1.5 x regular wage rate
16 x 22.5.00 = 360.00
What are overtime hours and pay?
RRSP or pension
What are retirement plan deductions?
The roof damaged by the wind has been replaced without me having to pay more than 500.00.
What is home insurance and a deductible?
My car was totaled and I am replacing it with the payout monies.
What is comprehensive or collision insurance coverage?