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Michel works for Northwest Gaskets in Alberta. He earns $26,000.00 per year and is paid bi-weekly. His TD1 federal and provincial claim codes are 1.
Michel works for Northwest Gaskets in Alberta. He earns $26,000.00 per year and is paid bi-weekly. His TD1 federal and provincial claim codes are 1. In March 2023, Michel receives a production bonus for meeting his 2023 targets. The bonus of $4,420.00 is paid separately from his regular pay. Michel is exempt from CPP contributions. Calculate the income tax on Michel's bonus payment
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen
4th Edition
0324069731, 978-0324069730
