Lesson 2: Personal Taxes - All Mandatory Deductions Practice

   Practice Makes Perfect

Download Practice Makes Perfect as a pdf file to print off, complete, and save in your Math 10-3 binder, or write the answers in a notebook specifically for Math 10-3 notes.

Complete the following question:


  1. Sal, an experienced chef, makes $88 740.00/year. If Sal is paid once a month, what is his monthly net pay?

    Hint:
    Step 1: Calculate EI
    Step 2: Calculate CPP
    Step 3: Calculate Income Tax
    Step 4: Calculate annual net pay
    Step 5: Calculate monthly net pay


Check your answers in the detailed solutions found here. Practice is important before you attempt the Chapter 1, Lesson 2 Assignment.



2014 © Alberta Distance Learning Centre