Danny Fred is an employee in Quebec and his remuneration includes the following: Bi-weekly salary -...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Danny Fred is an employee in Quebec and his remuneration includes the following: Bi-weekly salary - $1800.00, Bonus - $300.00, Car allowance (cash taxable benefit) - $50.00, Group term life insurance (non-cash taxable benefit) - $35.00. Besides, there are the following non-statutory deductions: RPP - $$250.00 and union dues are $10.00. What will be the net taxable income on which the federal tax and Quebec provincial tax will be based to calculate? Danny Fred is an employee in Quebec and his remuneration includes the following: Bi-weekly salary - $1800.00, Bonus - $300.00, Car allowance (cash taxable benefit) - $50.00, Group term life insurance (non-cash taxable benefit) - $35.00. Besides, there are the following non-statutory deductions: RPP - $$250.00 and union dues are $10.00. What will be the net taxable income on which the federal tax and Quebec provincial tax will be based to calculate?
Expert Answer:
Answer rating: 100% (QA)
To calculate the net taxable income on which the federal and ... View the full answer
Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
Posted Date:
Students also viewed these accounting questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Start of Payroll Project 7-3a October 9, 20-- No. 1 The first payroll in October covered the two workweeks that ended on September 26 and October 3. This payroll transaction has been entered for you...
-
John Markowski is a senior mechanic in the logging industry. Because of the specialized nature of his work, he is highly paid. His current employer pays him a basic salary with no special benefits....
-
Pick a method of accounting for bad debt. What do you like about it and why? give an example of a company where it makes sense to use that method? Why does it make sense? Also give an example of a...
-
Refer to the financial statement information in P 14-60 for Clarksville Corporation. Required: For the years 2010, 2011, and 2012, compute the following ratios: 1. Return on sales 2. Asset turnover...
-
Condensed financial data follow for E-Perform Ltd. E-Perform reports under ASPE. Additional information: 1. New equipment costing $85,000 was purchased for $25,000 cash and a $60,000 note payable. 2....
-
Give three examples of strategic technologies and how they can influence organizational performance.
-
1. What are some labor-related factors that Threads should consider when comparing Mexico and Canada? 2. What are some labor-related factors that would favor Canada as the location of the new...
-
1. Identify the core issues and opportunities for company EDO JAPAN. Identify with a thorough explanation why they are important to the company of EDO JAPAN. 2. Provide a three well developed...
-
Skylar and Walter Black have been married for 25 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Skylar is a stay-at-home parent and Walt is a high school teacher. His W-2...
-
1. Identify what the database needs to provide to the user. What questions do users need answered? What information needs to be tracked? What reports need to be produced? What data are needed to...
-
Mirrors are sometimes placed in busy lobbies, waiting areas, and on elevator doors. Their purpose is often to make the time pass faster for people waiting in front of them. Which psychological...
-
Is there any situation in which the cost of waiting is strictly linear? What would such a situation look like? How does the so-called cost of waiting vary between certain situations, such as waiting...
-
If increasing the volume of production is likewise increasing the average cost per unit produced, the system is suffering from what?
-
On what do the mathematical and the psychological modelers of waiting disagree?
-
What is the body of knowledge concerning mathematical modeling of waiting lines called?
-
Able owns a landscaping company. He sends one of his landscaping crews to the Jackson residence mow the grass around their home. The crew misreads the house numbers, and instead of mowing at the...
-
A company has the following incomplete production budget data for the first quarter: In the previous December, ending inventory was 200 units, which was the minimum required, at 10% of projected...
-
A trust had the following results for the current year: Capital gains$100,000 Capital losses 20,000 The trust has net capital losses of $35,000 incurred in 2006 available. Determine the maximum...
-
Michael purchased 100% of the issued shares of Sentry Inc., a Canadian-controlled private corporation, which owns and operates an assisted-living retirement home in Ontario. Sentry has a December 31,...
-
What effect does the receipt of an allowance have on an employees ability to deduct expenses incurred to earn employment income?
-
Design the suspension of a car such that the maximum vertical acceleration felt by the driver is less than \(2 g\) at all speeds between \(70 \mathrm{~km} / \mathrm{h}\) and \(140 \mathrm{~km} /...
-
Consider a single-degree-of-freedom system with Coulomb damping (which offers a constant friction force, \(F_{c}\) ). Derive an expression for the force transmissibility when the mass is subjected to...
-
Consider a single-degree-of-freedom system with Coulomb damping (which offers a constant friction force, \(F_{c}\) ). Derive expressions for the absolute and relative displacement transmissibilities...
Study smarter with the SolutionInn App