Sylvia works for Trendy Autos in Alberta and receives a regular salary of $1,200.00 bi-weekly. She has
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Sylvia works for Trendy Autos in Alberta and receives a regular salary of $1,200.00 bi-weekly. She has received an increase of 4% that was effective 5 pay periods prior. The current bi-weekly payroll has already been processed based on Sylvia’s new pay period earnings; the retroactive amount will be paid on a separate cheque. Sylvia’s pay period earnings are the same as her net taxable income. Her federal and provincial TD1 claims codes are 1. Calculate the income taxes on the retroactive amount.
Related Book For
Canadian Income Taxation planning and decision making
ISBN: 9781259094330
17th edition 2014-2015 version
Authors: Joan Kitunen, William Buckwold
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