An Alberta employee is paid $5,750.00 per month and has a monthly non-cash taxable benefit of $286.50. The employee contributes 4% of his earnings to the company’s registered pension plan.

The employee has filed the federal and provincial TD1 forms claiming the basic personal amount only. Determine the employee’s income tax for this pay period, showing all calculations for full marks

Answer rating: 100% (QA)

Salary monthly income 5750 Non cash taxable benefit 28650 Total income from ... View the full answer