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Becca Harris works for Shallow Inc. in Lethbridge, Alberta. Becca is going to receive a $5,200.00 performance bonus on her next pay for meeting
Becca Harris works for Shallow Inc. in Lethbridge, Alberta. Becca is going to receive a $5,200.00 performance bonus on her next pay for meeting her previous year's objectives. The bonus is the first Becca has received this year and will be paid on a separate cheque. Becca claims code 1 on her federal and provincial TD1s. Her regular semi-monthly salary is $ 1,900.00 and she has a group term life insurance non-cash taxable benefit of $21.00 per pay. She will not reach the annual maximums. for CPP contributions or El premiums with this payment. Use this information to answer questions 3-7. Assume 2021 rates.
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