Question
Jane Bayore works in a manufacturing plant in Quebec. She is a weekly paid employee. She earns $25.00 per hour and works 40 hours per
Jane Bayore works in a manufacturing plant in Quebec. She is a weekly paid employee. She earns $25.00 per hour and works 40 hours per pay period. Lesleys federal TD1 claim code is 1 and her TP-105.3-V deduction code is A. In addition, she has a car allowance (cash taxable benefit) of $110.00 per pay period and a group insurance plan paid by the employer of $40.00 (non- cash taxable benefit) per pay period.
Required:
Calculate Lesleys Net Pay
Step One: Determine Gross Earnings
Step two: Determine Non-cash Taxable Benefits
Step Three: Determine QPP contributions
Step Four: Determine Employment Insurance (EI) premium
Step Five: Determine QPIP premium
Step Six: Determine federal & provincial income tax
Step Seven: Northwest Territories (NT)/Nunavut (NU) payroll tax
Step Eight: Total Deductions
Step Nine: Net Pay
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