Solution-Calculate the net pay of the employee

Calculate the net pay of the employee

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Question - An employee earns $110,000 per year and is paid on a BI-WEEKLY pay schedule. The employee enjoys the benefit of a company paid cell phone for personal use (cost is $150 per month) and receives 6% vacation pay on each payment. This pay cycle included 15 hours of approved overtime worked over the normal 40 hour work week and a reimbursement for travel expenses in the amount of $434.20. The employee contributes 5% of their regular wages to a Registered Retirement Savings Plan each pay cycle. Calculate the Net Pay of the employee?

Reference no: EM133165262

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Calculate the net pay of the employee

Reference no: EM133165262

Reference no: EM133165262

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