Question
Diane works for Downy Corporation in Alberta and earns an annual salary of $58,200.00 paid on a bi-weekly basis. She receives a $65.00 car allowance
Diane works for Downy Corporation in Alberta and earns an annual salary of $58,200.00 paid on a bi-weekly basis. She receives a $65.00 car allowance each pay. The company pays 100% of group term life insurance premiums for its employees as a non-cash taxable benefit which for Dianes is $21.00 per pay period. Diane is a member of the companys registered pension plan and contributes 3% of her salary to the plan every pay. Her federal and Alberta TD1 claim codes are 2.
Determine Dianes total income tax deduction per pay period.
Diane works for Downy Corporation in Alberta and earns an annual salary of $58,200.00 paid on a bi-weekly basis. She receives a $65.00 car allowance each pay. The company pays 100% of group term life insurance premiums for its employees as a non-cash taxable benefit which for Dianes is $21.00 per pay period. Diane is a member of the companys registered pension plan and contributes 3% of her salary to the plan every pay. Her federal and Alberta TD1 claim codes are 2.
Determine Dianes total income tax deduction per pay period.
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Auditing Cases An Interactive Learning Approach
Authors: Steven M Glover, Douglas F Prawitt
4th Edition
0132423502, 978-0132423502
