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Laura works for a company located in Pierrefonds, Qubec. She earns an annual salary of $43,488.00 and is paid on a weekly basis. Her company
Laura works for a company located in Pierrefonds, Qubec. She earns an annual salary of $43,488.00 and is paid on a weekly basis. Her company pays 100% of the premiums for its employees' group term life insurance coverage. The premiums the company pays for Laura's coverage are a non-cash taxab benefit of $23.00 per pay. Laura participates in the company's group Registered Retirement Savings Plan and contributes 5% of her salary to the plan every pay. She also pays $37.00 in union dues each pay. Her federal claim code is 1. Determine Laura's federal income tax deduction period. Your
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