Helen works for Jefferson Movers in Alberta and earns an annual salary of $49,086.00 paid on a biweekly basis. She contributes 5% of her gross earnings to a Registered Retirement Savings Plan each pay. Helen pays $31.00 bi-weekly for union dues and receives a group term life insurance noncash taxable benefit of $29.00 each pay. Her federal and provincial TD1 claim codes are 1 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Calculate Helen's net pay, following the steps in the payroll calculation template.
Helen works for Jefferson Movers in Alberta and earns an annual salary of $49,086.00 paid on a biweekly basis. She contributes 5% of her gross earnings to a Registered Retirement Savings Plan each pay. Helen pays $31.00 bi-weekly for union dues and receives a group term life insurance noncash taxable benefit of $29.00 each pay. Her federal and provincial TD1 claim codes are 1 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Calculate Helen's net pay, following the steps in the payroll calculation template.
Chapter15: Choice Of Business Entity—other Considerations
Section: Chapter Questions
Problem 45P
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Transcribed Image Text:Helen works for Jefferson Movers in Alberta and earns an annual salary of $49,086.00 paid on a
biweekly basiis. She contributes 5% of her gross earnings to a Registered Retirement Savings Plan each
pay. Helen pays $31.00 bi-weekly for union dues and receives a group term life insurance noncash
taxable benefit of $29.00 each pay. Her federal and provincial TD1 claim codes are 1 and she will not
reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment.
Calculate Helen's net pay, following the steps in the payroll calculation template.
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT