Joe's group-term life insurance, valued at $25, is imputed to his gross salary of $725. Joe's employer

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Joe's group-term life insurance, valued at $25, is imputed to his gross salary of $725. Joe's employer elects not to withhold FIT from this benefit. Assuming FICA of 7.65% and FITW of 15%, what is his net pay?

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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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Posted Date: Mar 30, 2023 02:51 AM

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Joe's group-term life insurance, valued at $25, is imputed to his gross salary of $725. Joe's employer

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Canadian Income Taxation Planning And Decision Making

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