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Diane works for Gibson Catering in Alberta and earns an annual salary of $40,000.00 paid on a monthly basis. She receives a $80.00 car allowance
Diane works for Gibson Catering in Alberta and earns an annual salary of $40,000.00 paid on a monthly basis. She receives a $80.00 car allowance each pay. The company pays 100% of group term life insurancepremiums for its employees as a non-cash taxable benefit which for Diane's is $19.00 per pay period. Diane is a member of the company's registered pension plan and contributes 3% of her salary to the plan every pay. Her federal and Alberta TD1 claim codes are 3.
Determine Diane's total income tax deduction per pay period.
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