Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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 $ paid on a weekly basis. She contributes of her gross earnings to a Registered Retirement Savings Plan each pay. Helen pays $ weekly for union dues and receives a group term life insurance noncash taxable benefit of $ each pay. Her federal and provincial TD claim codes are 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 CRANTI
Net Taxable Income RQNTI
Statutory Deductions
CQPP Contribution
EI Premium
QPIP Premium
Income Tax Federal
Income tax Provincial
Other Deductions
Union Dues
Registered pension plan RPP
Employeepaid benefit plan Premium eg dental
Registered Retirement Savings Plan RRSP contribution
Charitable Donation
Social Club
Total Deductions
Net Pay
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started