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An Ontario employer pays 50% of their employees' monthly group term life insurance premium. Coverage is $0.90 per $1,000.00 based on two (2) times annual
An Ontario employer pays 50% of their employees' monthly group term life insurance premium. Coverage is $0.90 per $1,000.00 based on two (2) times annual salary of $34,000.00. The premium is subject to 8% sales tax. Calculate the weekly noncash taxable benefit.
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