WHY MICHAEL KEEPS JUST 2 CENTS OF EVERY $1 HE EARNS:
Michael's gross pay for January 2000: $13,200.00
Minus deductions: *5,745.02
Net pay: 7,454.98
Minus child and spousal support: 7,153.00
What's left for Michael: $301.98
*DEDUCTIONS:
Income tax: $4925.38
Canada Pension Plan: 477.92
Employment insurance: 300.00
Long-term disability: 36.72
Social fund: 5.00
TOTAL: $5,745.02
WHAT HAPPENS TO EACH DOLLAR MICHAEL EARNS:
To standard employment deductions: 44 cents
To child support: 31 cents
To spousal support: 23 cents
To Michael: 2 cents
Sources: Michael's End of January 2000 Pay Stub and a 1999 Ontario Court of Appeal Decision