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Karim works for TMT, a company in Alberta, and is paid $5800 semi-monthly, He contributes 6.00% of his salary (regular earnings) to a Registered Retirement

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Karim works for TMT, a company in Alberta, and is paid $5800 semi-monthly, He contributes 6.00% of his salary (regular earnings) to a Registered Retirement Savings Plan for each pay. He pays $34 per month for union dues. He gets a cash annual car allowance of 56600. He also receives a group term life insurance non-cash table benefit which amounts to 54200 annually. Each pay Karim contributes $10.00 to United Way and has $15.00 deducted each pay for his social club membership His federal and provincial TD claim codes are 3 and he will not reach the annual maximums for Canada Pension Plan or Employment insurance with this payment Calculate Karims net pay using 2021 rates. Make sure to use the CRA payroll deduction tables to determine federal and provincial income taxes Karim works for TMT, a company in Alberta, and is paid $5800 semi-monthly, He contributes 6.00% of his salary (regular earnings) to a Registered Retirement Savings Plan for each pay. He pays $34 per month for union dues. He gets a cash annual car allowance of 56600. He also receives a group term life insurance non-cash table benefit which amounts to 54200 annually. Each pay Karim contributes $10.00 to United Way and has $15.00 deducted each pay for his social club membership His federal and provincial TD claim codes are 3 and he will not reach the annual maximums for Canada Pension Plan or Employment insurance with this payment Calculate Karims net pay using 2021 rates. Make sure to use the CRA payroll deduction tables to determine federal and provincial income taxes

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