70.2K
Verified Solution
Link Copied!
Assignment Use the pay stub below for some reading paystub practice. Answer the questions to follow in order to test your skills.
1. How many hours was Tom paid for?
2. How often does Tom get paid according to his paystub?
3. What was Toms gross pay for this pay period?
4. What was Toms gross pay year to date?
5. How much did Tom pay for CIT?
6. How much did Tom pay for CPP?
7. How much did Tom pay for EI?
8. How much did Tom pay in total taxes for this pay period?
9. Calculate the percent of Toms gross pay that went to taxes.
10. List three other deductions that came off of Toms paycheck
11. What was Toms total net pay?
12. How much did Tom pay altogether in deductions?
13. How did Tom receive his pay?
14. Assuming Tom always works the same number of hours and his pay is consistent throughout the year calculate what Toms gross pay is for the year.
15. Assuming Tom always works the same number of hours and his pay is consistent throughout the year calculate what Toms net pay is for the year.
16. Based on the information from his pay stub and your calculations do you think that Tom makes a good income? Explain in 3-4 sentences.
Answer & Explanation
Solved by verified expert
