An Ontario employer pays $50\%$ of their employees' monthly group term life insurance premium. Coverage is $$0\mathrm{.}90$ per $$1,000\mathrm{.}00$ based on two $(2)$ times annual salary of $$34,000\mathrm{.}00.$ The premium is subject to $8\%$ sales tax. Calculate the weekly non$$cash taxable benefit.

Answer rating: 100% (QA)

Firstly we need to determine the annual group term life insurance premium The coverage is 90 cents p... View the full answer