Question
1)Net Pay calculation (4%) Edna Robson is a marketing manager for Blossom Cosmetics in Lethbridge, Alberta. She earns $45,000.00 annually and is paid on a
1)Net Pay calculation (4%)
Edna Robson is a marketing manager for Blossom Cosmetics in Lethbridge, Alberta. She earns $45,000.00 annually and is paid on a semi-monthly basis. Edna's federal and provincial TD1 claim codes are 3. A company-leased automobile - the company estimates her pay period taxable benefit based on last year's annual taxable benefit of $4,440.00.( Hint: Divide this figure to 24 pp)
Calculate Edna's Net Pay.
More Hints: (Use 2020 deduction tables for Federal & Provincial tax, 5.25% for CPP and EI - 1.58%)
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
