Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Lois works for Marian Transport in Qubec and is paid $2,176.29 semi-monthly. Her employer provides group term life insurance coverage and pays 100% of the
Lois works for Marian Transport in Qubec and is paid $2,176.29 semi-monthly. Her employer provides group term life insurance coverage and pays 100% of the premiums fo Lois's coverage. This non-cash taxable benefit is $23.00 per pay. She contributes 5% of her gross earnings to the company's Registered Pension Plan each pay and pays $22.00 semi-monthly for union dues. Her federal TD1 claim code is 2 and her provincial TP-1015.3-V deduction code is 8. Lois will not reach the Qubec Pension Plan, Employment Insurance or Qubec Parental Insurance Plan annual maximums this pay period. Calculate Lois's net pay, following the steps in the payroll calculation template
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