For a gross income of \$57\,000, calculate the net income when:
Tax is \$13\,100 and voluntary CPP is \$2700.
Tax is \$13\,000, voluntary CPP is \$3600 and health insurance is \$3300.
Tax is \$14\,500, health insurance is \$10\,300 and union fees are \$560.
Bill earns \$843.50 per week and has the following deductions from his gross wage: tax \$253.05, CPP, \$85, and union fees, \$25.61. Calculate Bill’s net pay.
Christa earns \$2563.65 every two weeks and has the following deductions from her gross wage: tax of \$559.17, CPP of \$79, and union fees of \$22.47.
Calculate Christa's net pay.
Express her income tax as a percentage of her gross pay, correct to one decimal place.
If tax is stated as being 15.9 cents in the dollar, what percentage tax is this?
Calculate the net weekly wage of a carpenter who must pay 16\% tax on an annual salary of \$38\,080.
Brad has a gross weekly wage of \$982.32, and pays \$36.27 for health insurance and \$9.76 for union membership. His net weekly pay is \$781.57.
How much tax does Brad pay each week?
What percentage of Brad's gross wage is paid in tax? Write your answer correct to one decimal place.
What percentage of Brad's gross wage goes towards union fees? Write your answer correct to three decimal places.
Calculate the percentage of gross income going to taxes when:
Gross income is \$48\,000 and income tax is \$11\,000.
Gross income is \$53\,000, income tax is \$13\,000 and voluntary CPP is \$6100.
Express net income as a percentage of gross income for each of the following cases:
Gross income is \$47\,000 and net income is \$30\,000.
Gross income is \$46\,000 and income tax is \$12\,000.
Gross income is \$45\,000, income tax is \$13\,000, voluntary CPP is \$2500 and health insurance is \$1200.
A train conductor is paid \$21.66 per hour for a 40 hour week, with overtime paid at a time and a half rate.
Find her net pay for a week when she worked for 43 hours and had tax deductions of \$109.28.
What percentage of her gross pay was paid in tax? Round your answer to the nearest whole number.
A self-employed tradesman must put aside 9.5\% of each fortnightly wage towards the Canada Pension Plan, and pay 13\% HST to the government. If he earns \$1267 in a fortnight, calculate his net income after these deductions.
A barber earns a gross hourly wage of \$13 per hour during normal working hours, and earns time-and-a-half on weekends. If, for every fortnight, he works 14 normal hours and 13 hours on weekends, calculate:
His gross fortnightly wage.
His net fortnightly income if he is taxed at a rate of 10\%.
Bob received his weekly pay slip. His hourly rate is \$23.21. Complete the third column of the following table:
| Hourly Rate | Hours | Pay | Deductions | |
|---|---|---|---|---|
| \text{Normal} | 34 | \text{Tax}\left(25\%\right) | \$252.41 | |
| \text{Time-and-a-half} | 5 | \text{CPP} | \$95.92 | |
| \text{Double} | 1 | \text{Union} | \$9.19 | |
| \text{Gross Wage} | \text{Health Fund} | \$20.78 | ||
| \text{Total Deductions} | ||||
| \text{Net Wage} |
Dave receives a weekly gross salary of \$530. If he pays 19\% of this in income tax, 9\% in CPP and \$7.70 in medical insurance, calculate his net weekly pay.
Iain is a window cleaner and is paid a gross wage of \$26.34 per hour. He works for 55 hours every fortnight. Each fortnight \$151.72 is deducted as tax instalments as well as \$39.19 for health insurance. Find Iain's net fortnightly pay.
Eileen, a retiree, receives annual CPP payments of 60\% of her final year's salary of \$46\,000. Calculate:
Her annual CPP income.
Her annual disposable (net) CPP income if her income tax is 20\% of her gross income.
If 9\% tax is payable on income but not inheritance, how much must be deducted from an income and inheritance that totals \$7350, of which 46\% is inheritance?
A labourer is paid a gross annual salary of \$31\,300. Each week, he contributes 8\% of his gross pay to a voluntary CPP fund. His other weekly deductions are \$103.50 tax and \$9.50 for union fees. Calculate:
His total weekly deductions.
His net weekly income.
Irene’s gross fortnightly pay is \$2216.49. Each fortnight, her employer deducts \$390.76 in tax instalments and \$38.57 in voluntary CPP contributions. Find Irene's weekly net pay.
Yuri has a gross salary of \$69\,941.69 with an annual income tax deduction of \$15\,759.98, a CPP contribution of 9.5\% of the gross salary and a health insurance contribution of \$92 per week, for 52 weeks. Calculate his net annual income.
Amelia’s employer deducts a percentage of her income in tax. The fortnightly amount deposited into Amelia's account is \$1964 and she earns an annual gross income of \$63\,830.00.
Calculate her net annual income.
Hence, calculate the rate at which she is being taxed. Round your answer to the nearest whole percentage.
Employers are legally obliged to pay an amount worth 9.5\% of an employee's income into a CPP fund. If Emma's annual income is \$43\,000 and she chooses to contribute a further 5\% of her income into her CPP fund, calculate:
The amount paid into Emma's CPP fund in one year.
The amount extra paid into Emma's CPP fund the following year, when she receives a 9\% pay rise.
Matt is self-employed and must put aside his own CPP and tax each month. He estimates his income in the first half of the year to be \$57\,600 and for it to grow by 2.8\% in the second half of the year. He is to be taxed at a rate of 30\% and must put aside 9.5\% of his gross annual income into a CPP fund.
Calculate his expected gross income for the year.
Calculate how much he must deduct from his gross income each month to pay his tax and CPP.
During a week over the Christmas period, Neil worked for 32 hours at the normal pay rate and 10 hours at the time-and-a-half rate, and 6 hours at the double time rate. His employer deducted 43\% of his gross income in tax, leaving a net income for that week of \$942.56.
Calculate Neil's gross income.
Hence, find Neil's normal gross hourly rate.