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

Answer rating: 100% (QA)

Calculating Edwards Net Pay and CRAReceiver General Payments Heres how to calculate Edwards net pay ... View the full answer