Question
Marc is an accounts receivable administrator for a large retail clothing chain in Alberta. He earns $33,000.00 annually which is paid biweekly. Marc's TD1 claim
Marc is an accounts receivable administrator for a large retail clothing chain in Alberta. He earns $33,000.00 annually which is paid biweekly. Marc's TD1 claim code is 1.
As part of the 100% employerpaid benefit package, Marc has group Term Life Insurance coverage insured at the rate of two times his annual salary. The company pays $0.85 per $1,000 for this coverage.
Each administrative staff member receives an employerpaid parking spot at head office, located in downtown Calgary, where the fair market value of parking in the vicinity is $250.00 per month, plus GST. Parking benefits are assessed on a pay period basis.
Marc also receives a taxable car allowance of $75.00 per pay for using his own automobile for business purposes.
Calculate Marc's net pay.
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