Thursday, October 25, 2007  payroll deductions  Yesterday in
class we basically left off where we started.. We are now
learning about payroll deductions. First we started off with the
CPP, EI, and also the Income taxes. and now we are adding other
things like insurances, dental plans, and union dues. for
example when you have union dues they don't get taxed. Just as
we did the other day.. Here's an example: Find Al Passey's net
pay for the week. His claim code is 7, his weekly salary is
$385.00, and he pays union dues of $3.80, a dental plan premium
of $1.85, and the usual CPP, EI, and income tax deductions. He
is paid weekly. gross: $385.00 CPP - $15.73 EI - $6.93 (gross
pay)$385.00 - $3.80(union dues) = $381.20 Federal Tax - 0
Provincial Tax - $2.65 Dental Plan - $1.85 $15.73 + $6.93 +
$2.65 + $1.85 = $27.16 $385.00 - $27.16 = $357.84 note: the
union dues didn't count for the federal tax and the provincial
tax   ellyse said...   Thats awesome that you are learning about
payroll deductions. I can remember wh