Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Kristine Laremy has worked for Magnex Corp. in Alberta since she turned 2 1 , in August, 2 0 0 0 . Magnex Corp. does
Kristine Laremy has worked for Magnex Corp. in Alberta since she turned in August, Magnex Corp. does not have a pension plan for its employees. Her employment is terminated on May due to company restructuring. The following amounts are relevant to Kristines final pay:
Regular semimonthly salary: $unchanged all year
Taxable Car Allowance per pay:
Group term life insurance benefit per pay: $
Vacation pay owing: $
Wages in lieu of notice: weeks
Retiring allowance: $ignore for parts a through k
Kristine has federal and provincial claim codes of Her regular salary, vacation pay and wages in lieu of notice will be paid together; her retiring allowance will be paid separately. Calculate Kristines final payments. Marks will be provided for correctly calculating:
Gross Earnings
GPTI
GIE
NTI
CPP
EI
IT salary f
IT salary p
IT vacWIL f
IT vacWIL p
Net pay final paycheque
Tax on retiring allowance
Net pay retiring allowance
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started