Question: Ruby Roy works for Monarchy Construction in Alberta and earns an annual salary of $56,500.00 paid on a monthly basis. The company provides its employees

Ruby Roy works for Monarchy Construction in Alberta and earns an annual

salary of $56,500.00 paid on a monthly basis. The company provides its

employees with group term life insurance coverage of two times annual

salary and pays a monthly premium of $0.56 per $1,000.00 of coverage.

Ruby uses her car to meet with clients on company business and receives a

taxable car allowance of $50.00 per pay. The company has a defined

contribution pension plan to which Ruby contributes 3% of her salary each

pay.

Ruby also contributes $5.00 to United Way and has $3.00 deducted for her

social club membership each pay. She belongs to the union and pays 6% of

her salary in union dues per pay period. Ruby's federal and provincial TD1

claim codes are 2. She will

not

reach the Canada Pension Plan or

Employment Insurance annual maximums this pay period.

Calculate the employee's net pay, following the order of the steps in the

net pay template.

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