Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

27. Amy Dion works in Alberta and earns $75,3 90.90 a year, which is paid on a semi- monthly basis. Amy is over the age

image text in transcribed
27. Amy Dion works in Alberta and earns $75,3 90.90 a year, which is paid on a semi- monthly basis. Amy is over the age of 18, under the age of 70, and not in receipt of benefits from either the Canada or Qubec Pension Plans. Amy is claiming Code 3 on her federal and provincial TDI forms. Amy participates in the company's group Registered Retirement Savings Plan (RRSP), to which she contributes S250.00 each pay. She also contributes $25.00 each pay for coverage in the company's dental plan. The employee has a non-cash taxable benefit for group term life insurance of $36.75 per pay. Calculate the following withholdings, showing all calculations for full marks: - 8 marks a) Canada Pension Plan (CPP) contribution: b) Employment Insurance (EID premium: c) Net taxable income: d) Federal and provincial income tax deductions: 27. Amy Dion works in Alberta and earns $75,3 90.90 a year, which is paid on a semi- monthly basis. Amy is over the age of 18, under the age of 70, and not in receipt of benefits from either the Canada or Qubec Pension Plans. Amy is claiming Code 3 on her federal and provincial TDI forms. Amy participates in the company's group Registered Retirement Savings Plan (RRSP), to which she contributes S250.00 each pay. She also contributes $25.00 each pay for coverage in the company's dental plan. The employee has a non-cash taxable benefit for group term life insurance of $36.75 per pay. Calculate the following withholdings, showing all calculations for full marks: - 8 marks a) Canada Pension Plan (CPP) contribution: b) Employment Insurance (EID premium: c) Net taxable income: d) Federal and provincial income tax deductions

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Audit A Complete Guide

Authors: Gerardus Blokdyk

2020 Edition

0655905413, 978-0655905417

More Books

Students also viewed these Accounting questions

Question

1. Identify three approaches to culture.

Answered: 1 week ago

Question

3. Identify and describe nine cultural value orientations.

Answered: 1 week ago

Question

4. Describe how cultural values influence communication.

Answered: 1 week ago