Sandy drove 5,632 personal kilometres in 2023. What is the operating cost benefit ?

Mary works in Alberta and is paid $700 weekly . In My she received a bonus of $ 800 for meeting her previous year's targets. In August she received another bonus of $ 800. She has filed TD1 and TD1AB forms with claim code 2. Calculate the income taxes on the August bonus payment . (Do not forget to calculate the enhanced portion of the the CPP contributions).

Answer rating: 100% (QA)

Before computing Marys income taxes on the August bonus payment lets first review her annual salary and bonuses Annual Salary 700 per week 52 weeks 36... View the full answer