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Martina has worked for Carmen Enterprises in Edmonton, Alberta since 2021. She earns $23.44 per hour, works 75 hours per pay period and is paid
- Martina has worked for Carmen Enterprises in Edmonton, Alberta since 2021. She earns $23.44 per hour, works 75 hours per pay period and is paid on a bi-weekly basis. The company provides its employees with group term life insurance and pays 100% of the premiums for its employees coverage. The premiums the company pays for Martinas coverage are a non-cash taxable benefit of $19.00 per pay. Martina participates in the companys Registered Retirement Savings Plan and contributes 4% of her earnings to the plan every pay. She also pays $26.00 in union dues each pay. Her federal and provincial TD1 claim codes are 3.
Determine the employees total income tax deduction for this pay period.
Calculate pay period earnings: ___________
Calculate gross pensionable/taxable income ___________
Calculate net taxable income ___________
Federal income tax ____________
Provincial Income Tax _____________
total income tax deduction ___________
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