Question
Laura works for Liberty Productions in Alberta and earns an annual salary of $46,825.00 paid on a monthly basis. She receives a $50.00 car allowance
Laura works for Liberty Productions in Alberta and earns an annual salary of $46,825.00 paid on a monthly basis. She receives a $50.00 car allowance each pay. The company pays 100% of group term life insurancepremiums for its employees as a non-cash taxable benefit which for Laura's is $19.00 per pay period. Laura is a member of the company's registered pension plan and contributes 3% of her salary to the plan every pay. Her federal and Alberta TD1 claim codes are 3.
Determine Laura's total income tax deduction per pay period.
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881
