Julio's earns $65,000 semi-monthly and also receives a non-cash taxable benefit of $95 each pay period....
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Julio's earns $65,000 semi-monthly and also receives a non-cash taxable benefit of $95 each pay period. In addition, he receives a group medical benefit worth $800 per year, which he is required to match equally. Julio's employer also offers a contributory group registered retirement savings plan (RRSP) and each contribute 3% of his regular earnings each pay. Calculate Julio's gross taxable income. Julio's earns $65,000 semi-monthly and also receives a non-cash taxable benefit of $95 each pay period. In addition, he receives a group medical benefit worth $800 per year, which he is required to match equally. Julio's employer also offers a contributory group registered retirement savings plan (RRSP) and each contribute 3% of his regular earnings each pay. Calculate Julio's gross taxable income.
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To calculate Julios gross taxable income we need to consider his regular earnings the noncash taxabl... 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:
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