APPRENTICESHIP & WORKPLACE MATH 10 NAME_________________________

Worksheet – Net Pay DATE_________________________

Round all money to the nearest penny and all percents to one decimal place:

1. If the federal tax rate is 15%, and your taxable income is $750, how much federal tax is deducted from your paycheque?

2. If your Canadian Pension Plan (CPP) contribution rate is 4.95% and your taxable income is $1578.00 every two weeks, what will be the CPP deduction?

3. Hans had $412 deducted from his last paycheque for income tax. If his taxable income was $2168, what was the tax rate used to calculate the deduction (as a percent)?

4. Samantha’s gross earnings are $1750 biweekly. If the total deductions on her last paycheque was $370, what was her net pay?

5. On her last paycheque, Jessica gross earnings were $2750 and her total deductions were $686. What percent of her gross earnings were deducted?

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6. Bella has gross income of $982 per pay period. She has no “before-tax” or voluntary deductions. Her government deductions include $105.30 federal tax, $23.76 provincial tax, $48.61 CPP, and $14.12 EI.

a) What are Bella’s total deductions?

b) What is Bella’s net pay?

7. Patricia’s before-tax deductions amounted to $75.47 on a gross salary of $700.00.

a) What is Patricia’s taxable income?

b) If she paid $70.25 in federal tax, what is her tax rate?

c) If she paid $32.76 in provincial tax, what is her tax rate?

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8. Randy works at two jobs. In one job, he earns $325.00/week, and has deductions of $56.67 federal tax, $13.12 provincial tax, $16.09 CPP, and $4.14 EI. At his other job, he earns $567.00/week and pays $79.42 federal tax, $16.82 provincial tax, and $18.12 CPP. What is his net income?

a) Total gross income:

b) Total income tax:

c) Total CPP:

d) Total EI:

e) Total deductions:

f) Net pay:

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9. Sarah has a biweekly gross income of $3550. Her before-tax deductions include a short-term disability fee of 0.5%, union fees of 3.1%, and a registered pension of 4%. If she pays federal tax at a rate of 18.5%, provincial tax at a rate of 6.2%, CPP at 4.95%, and EI at 1.88%, what is her net income?

a) Short-term disability:

b) Union dues:

c) Pension plan:

d) Total “before-tax” deductions:

e) Taxable income:

f) Federal tax:

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g) Provincial tax:

h) CPP:

i) EI:

j) Total government deductions:

k) Total deductions:

l) Net income:

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10. Consider the following pay statement:

a) What is Hank’s gross weekly income?

b) What are Hank’s total deductions?

c) What is Hank’s net income?

d) What percent of his gross pay are his deductions?