Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Item Amount Regular earnings $75,500.00 Bonus pay $15,250.00 Retiring Allowance $60,000.00 Wages in lieu of notice $15,150.00 Vacation pay $7,036.00 QPP contributions $3,146.40 EI premiums

image text in transcribed
Item Amount Regular earnings $75,500.00 Bonus pay $15,250.00 Retiring Allowance $60,000.00 Wages in lieu of notice $15,150.00 Vacation pay $7,036.00 QPP contributions $3,146.40 EI premiums $650.40 QPIP premiums $387.79 Federal income tax $17,785.34 Quebec income tax $23,713.78 EI insurable earnings $54,200.00 QPIP insurable earnings $78,500.00 QPP pensionable earnings $58,700.00 Accidental death and dismemberment non-cash $158.75 taxable benefit Charitable donations $825.00 Automobile non-cash taxable benefit $2,936.81 Group term life insurance non-cash taxable benefit $1,047.50 Private health insurance non-cash taxable benefit $1,489.85

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Libby, Short

6th Edition

978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881

More Books

Students also viewed these Accounting questions