Calculate the employee net bonus

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Grace Thibodeau works for Prairie Packaging in Alberta and is paid an annual salary of $53,118.00 on a semi-monthly basis. Earlier this year Grace received a $2,150.00 bonus for achieving her objectives for the previous year. The company was recently awarded a major contract and Grace is receiving a second bonus of $4,225.00 for her role in the preparation of the successful bid; the bonus will be paid separately from Grace's regular pay. Her federal and provincial TD1 claim codes are 1 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment.

Problem 1: Calculate the employee's net bonus, following the order of the steps in the net pay template.

Reference no: EM132766950

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