Edward works for Alliance Systems in Alberta and is paid $1,217.85 semi-monthly. He contributes 3% of his
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Question:
Edward works for Alliance Systems in Alberta and is paid $1,217.85 semi-monthly. He contributes 3% of his
regular earnings to a Registered Pension Plan each pay. Edward also pays $15.00 each for union dues and
receives a group term life insurance non-cash taxable benefit of $26.00 from each pay. Edward also receives a
$100 clothing allowance with each pay.
His federal and provincial TD1 claim codes are 1 and he will not reach
the annual maximums for Canada Pension Plan or Employment Insurance with this payment.
Required: Calculate Edward's net pay and the total amounts payable to the CRA/Receiver General
Related Book For
Intermediate Algebra
ISBN: 9780134895987
13th Edition
Authors: Margaret Lial, John Hornsby, Terry McGinnis
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