Question
Kim works for Priority Packaging in Alberta and is paid $1,713.46 bi-weekly. She contributes 4% of her gross earnings to a Registered Retirement Savings Plan
Kim works for Priority Packaging in Alberta and is paid $1,713.46 bi-weekly. She contributes 4% of her gross earnings to a Registered Retirement Savings Plan each pay. Kim pays $18.00 bi-weekly for union dues and receives a group term life insurance non-cash taxable benefit of $28.00 each pay, paid 100% by her employer. Her federal and provincial TD1 claim codes are 1 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Calculate Kim’s net pay, following the order of the steps in the net pay template. Select the pay component from the drop-down list for the first step of the payroll calculation template.
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Financial Management For Decision Makers
Authors: Peter Atrill, Paul Hurley
2nd Canadian Edition
138011605, 978-0138011604
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