Diane works for Fashion Services in Alberta and earns an annual salary of
Chapter4: Income Exclusions
Section: Chapter Questions
Problem 49P
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Transcribed Image Text:Diane works for Fashion Services in Alberta and earns an annual salary of
$62,750.00 paid on a weekly basis. She receives a $85.00 car allowance
each pay. The company pays 100% of group term life insurance premiums
for its employees as a non-cash taxable benefit which for Diane's is $25.00
per pay period. Diane is a member of the company's registered pension
plan and contributes 3% of her salary to the plan every pay. Her federal
and Alberta TD1 claim codes are 3.
Determine Diane's total income tax deduction per pay period.
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ISBN:
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Author:
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Publisher:
CENGAGE LEARNING - CONSIGNMENT