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Joseph works for Northwest Gaskets in Alberta. He earns $33,800.00 per year and is paid biweekly. His TD1 federal and provincial claim codes are 3.
Joseph works for Northwest Gaskets in Alberta. He earns $33,800.00 per year and is paid biweekly. His TD1 federal and provincial claim codes are 3. In March of this year, Joseph receives a production bonus for meeting the current years target. The bonus of $4,940.00 is paid separately from his regular pay. Calculate the income tax on Joseph's bonus payment.
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