Calculating Paycheck Worksheet
Name: ______________________________
Occupation: __________________________
Average Annual Salary: _________________________
Gross Monthly income: _______________________
Required Payroll Deductions
For federal and provincial tax deduction use this link to the calculation chart
Federal Income Tax: _______________
Provincial Income Tax: ______________
CPP:(4.95% of annual salary up to max. of $1910.70) ______________
E.I:(1.87% of annual salary up to a max of $729.30) _______________
Other Deductions: (to be
aware of but not included in your calculations.
Medical
Pension Plan
Union Dues
Total Deductions: _____________________
Net monthly income after deductions: ___________