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Calculate the net taxable income for an employee who has weekly earnings of $500.00, cash taxable benefits of $10.00, employee contributions to a registered pension

Calculate the net taxable income for an employee who has weekly earnings of $500.00, cash taxable benefits of $10.00, employee contributions to a registered pension plan of $25.00 and non-cash taxable benefits of $5.00. The employee will not reach the first Canada Pension Plan or Employment Insurance annual maximums on this pay. Responses $485.52 $485.52 $500.00 $500.00 $515.00 $515.00 $540.00

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