Edna Robson is a marketing manager for Blossom Cosmetics in Lethbridge, Alberta. She earns $45,000.00 annually and is paid on a semi-monthly basis. Edna's federal and provincial TD1 claim codes are 3. A company-leased automobile - the company estimates her pay period taxable benefit based on last year's annual taxable benefit of $4,440.00.

Calculate Edna's Net Pay. 

Answer rating: 100% (QA)

To calculate Ednas net pay we need to consider her gross income deductions and any taxable benefits Based on the information provided lets calculate her net pay Gross Income Edna earns 4500000 annually Since she is paid on a semimonthly basis her gross income per pay period would be 4500000 12 months 2 pay periods per month 187500 per pay period Taxable Benefit The company estimates Ednas pay period taxable benefit ... View the full answer