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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.
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