Elizabeth works in Quebec, earns $33,800 annually and she is paid on a bi-weekly basis. She...
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Elizabeth works in Quebec, earns $33,800 annually and she is paid on a bi-weekly basis. She contributes $80 to her Registered Pension Plan per pay period and $40 per month in union dues. Elizabeth uses a federal claim code 1 on her TD1 and her provincial deduction code is A on her TP-1015.3-V. Elizabeth also receives benefits for group term life insurance of two times her annual salary, the premium rate is $1.10 per $1000 of coverage. Calculate Elizabeth's net pay. Elizabeth works in Quebec, earns $33,800 annually and she is paid on a bi-weekly basis. She contributes $80 to her Registered Pension Plan per pay period and $40 per month in union dues. Elizabeth uses a federal claim code 1 on her TD1 and her provincial deduction code is A on her TP-1015.3-V. Elizabeth also receives benefits for group term life insurance of two times her annual salary, the premium rate is $1.10 per $1000 of coverage. Calculate Elizabeth's net pay.
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To calculate Elizabeths net pay we first need to determine her gross pay and deductions Gross Pay Ca... View the full answer
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
Posted Date:
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