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328 Chapter 11 Exercise 11-12 Sylvia Chan is a clerk in the shoe department of the Hudson's Bay store in Winnipeg. She ears a base monthly salary of $1,875 plus a 7 percent Commission on her sales. Through payroll deductions, Chan donates $50 per month to a charitable organization and pays benefit premiums of $49.15. Compute Chan's gross pay and net pay for December, assuming her sales for the month are $50,000. The income tax rate on her earnings is 20 percent, the CPP contribution rate is 4.95 percent (account for the $3.500 basic annual exemption), and the El premium rate is 1.88 percent. Chan has not yet reached the CPP or El maximum earning levels Exercise 11-13 00 Brad Jackson works for a Bob's Burgers takeout for straight-time earnings of $10.50 per hour with time and a half for hours in excess of 35 per week. Jackson's payroll deductions include income tax of 25 percent, CPP of 4.95 percent on camings (account for the $3,500 basic annual exemption), and El of 1.88 percent on earnings. In addition, he contributes $10 per week to his Registered Retirement Savings Plan (RRSP. Assume lackson worked 40 hours during the week. He has not yet reached the CPP or Elm mum earning levels. Required k 's pay and net pay for the week. foreck 's w includine hispaldatu

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