Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Judy Jo works for Kalish Manufacturing Company in St. Jean, Qubec. Judy earns $29,900.00 annually and is paid on a weekly basis. His federal TD1

Judy Jo works for Kalish Manufacturing Company in St. Jean, Qubec. Judy earns $29,900.00 annually and is paid on a weekly basis. His federal TD1 claim code is 2 and his TP-1015.3-V deduction code is B. Judy is a unionized employee and pays 3% of his base salary in union dues every pay period.

Kalish provides their employees with life insurance coverage of twice annual salary and pays 100% of the cost of the coverage. The life insurance premium rate is $0.75 per $1,000.00 of coverage per month; this rate does not include the 9% tax on insurance premiums. The employees pay 100% of the cost of their health and dental coverage; Judys premiums for family health coverage are $52.00 per month and his family dental premiums are $91.00 per month. The health and dental premium costs are inclusive of the 9% tax on insurance premiums. Both the employers and the employees insurance costs are calculated on a pay period basis.

Judy also voluntarily participates in a social club which costs $104.00 a year, deducted on a pay period basis.

Calculate Judys Net Pay:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Introduction To Federal Income Taxation In Canada

Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett

33rd Edition

1554965020, 978-1554965021

Students also viewed these Accounting questions

Question

Explain the process of MBO

Answered: 1 week ago