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Helen works for Jefferson Movers in Alberta and earns an annual salary of $ 4 2 , 5 7 0 . 0 0 paid on

Helen works for Jefferson Movers in Alberta and earns an annual salary of $42,570.00 paid on a weekly basis. She contributes 2% of her gross earnings to a Registered Retirement Savings Plan each pay. Helen pays $30.00 weekly for union dues and receives a group term life insurance non-cash taxable benefit of $21.00 each pay. Her federal and provincial TD1 claim codes are 1 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Calculate Helens net pay, following the steps in the payroll calculation template.
Calculation of Net Pay:
Pensionable Earnings (PE)
Insurable Earnings (IE)
Net Taxable Income (CRA)(NTI)
Net Taxable Income (RQ)(NTI)
Statutory Deductions
C/QPP Contribution
EI Premium
QPIP Premium
Income Tax (Federal)
Income tax (Provincial)
Other Deductions
Union Dues
Registered pension plan (RPP)
Employee-paid benefit plan Premium (e.g. dental)
Registered Retirement Savings Plan (RRSP) contribution
Charitable Donation
Social Club
Total Deductions
Net Pay

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