4. Zowie serves at a restaurant and makes 20% of what their sales as tips with base salary of $10.20 an hour. Each hour Zowie sells an average of $60 worth of food & drinks. They also make time and a half on any time worked over 8 hours in a single shift. If their work week contains three 10‐hour shifts, one 5‐hour shift, and one 11‐hour shift what is Zowie’s annual gross income and annual net income.
Use the income deductions as stated below.
Income Deductions:
• Pension deductions are 5%
• Employment Insurance deductions are 2.4%
• Income Tax deductions are as follows for annual salaries:
i. On the first $11,000, no income tax is paid,
ii. On the first $11,000 to $25,000, 8% of the income is deducted,
iii. On the first $25,000 to $50,000, 12% of the income is deducted, iv. On the first $50,000 to $100,000, 15% of the income is deducted,
v. Any income over $100,000, 20% of that income is deducted.