How to Complete a Net Pay $($Alberta$)$

Kim works for Priority Packaging in Alberta and is paid

$$1,761\mathrm{.}46$ semi$-$monthly. She contributes $5\%$ of her

gross earnings to a Registered Retirement Savings Plan

each pay. Kim pays $$18\mathrm{.}00$ semi$-$monthly for union dues

and receives a group term life insurance non$-$cash

taxable benefit of $$29\mathrm{.}00$ each pay, paid $100\%$ by her

employer. Her federal and provincial TD$1$ claim codes are

$1$ and she will not reach the annual maximums for the

first Canada Pension Plan or Employment Insurance with

this payment. Calculate Kim's net pay.

An image of the net pay template has been provided as

a guide. Please enter the answer for each step listed on

the right.

Step $1$: Calculate Kim's gross taxable earnings $($GTE$)$ for this pay

period: $$

Step $2$: Calculate the pensionable earnings $($PE$)$

Step $3$: Calculate the insurable earning $($IE$)$

Step $4$: Calculate the net taxable income $($CRA$)$

Step $5$: Calculate the net taxable income $($RQ$)$

Step $6$: Calculate Kim's Canada Pension Plan contribution.

Step $7$: Calculate Kim's Employment Insurance premium.

Step $8$: Calculate Kim's Quebec Parental Insurance Plan premium.

Step $9$: Determine Kim's federal income tax.

Step $10$: Determine Kim's provincial income tax.

Step $11$: Calculate Kim's total deductions $($statutory $+$ other$).$

Step $12$: Calculate Kim's net pay.