Penny works for TSX in Ontario where she is a commissioned salesperson. TSX pays their commissioned salespeople on a straight commission of sales method at 0.35%. Penny is owed her semi-monthly commission payment based on $600,000.00 of products sold in the pay period. She did not receive an advance. Penny's TD1 federal and provincial are claim code 3. She will not reach the CPP, and Employment Insurance annual maximums this pay period.
Calculate Penny's gross earnings
Calculate Penny's Canada pension plan contribution.
Calculate Penny's Employment Insurance Premium.
Calculate the Federal income tax using the CRA payroll deduction tables.
Calculate the Provincial income tax using the CRA payroll deduction tables.
Calculate Penny's net commission pay.
Calculate the Federal income tax using the CRA payroll deduction tables.
Calculate the Provincial income tax using the CRA payroll deduction tables.
Calculate Penny's net commission pay.