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n3 ed out of ng on Becca Harris works for Shallow Inc. in Lethbridge, Alberta Becca is going to receive a $6,000.00 performance bonus on

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n3 ed out of ng on Becca Harris works for Shallow Inc. in Lethbridge, Alberta Becca is going to receive a $6,000.00 performance bonus on her next pay for meeting her previous year objectives. The bonus is the first Becca has received this year and will be paid on a separate cheque Becca claims code 1 on her federal and provincial TD1s. Her regular bi-weekly salary is $1,650.00 and she has a group term life insurance non-cash taxable benefit of $12.50 per pay. She will not reach the annual maximums for CPP contributions or El premiums with this payment Use this information to answer questions 3-7. Calculate Becca's CPP contribution. ho Answer Gestion 4 Calculate Becca's Employment Insurance Premium IEP Ravnee . Calculate Becca's Employment Insurance Premium of Answer: 5 d Using the federal tax tables for an Alberta employee, determine the federal tax to withhold on the entire bonus payment. Hint: Use the bonus method when calculating income taxes. Look at "Example 1 - First or once-a-year bonus payment on the Google Doc. out of n Answer tion 6 Using the provincial tax tables for an Alberta employee, determine the provincial tax to withhold on the entire bonus, payment. Ravneet Using the provincial tax tables for an Alberta employee, determine the provincial tax to withhold on the entire bonus payment. Hint Use the bonus method when calculating income taxes. Look at "Example 1 - First or once-a-year bonus payment on the Google Doc. Answer: Calculate Becca's net bonus payment. Answer: 1 n3 ed out of ng on Becca Harris works for Shallow Inc. in Lethbridge, Alberta Becca is going to receive a $6,000.00 performance bonus on her next pay for meeting her previous year objectives. The bonus is the first Becca has received this year and will be paid on a separate cheque Becca claims code 1 on her federal and provincial TD1s. Her regular bi-weekly salary is $1,650.00 and she has a group term life insurance non-cash taxable benefit of $12.50 per pay. She will not reach the annual maximums for CPP contributions or El premiums with this payment Use this information to answer questions 3-7. Calculate Becca's CPP contribution. ho Answer Gestion 4 Calculate Becca's Employment Insurance Premium IEP Ravnee . Calculate Becca's Employment Insurance Premium of Answer: 5 d Using the federal tax tables for an Alberta employee, determine the federal tax to withhold on the entire bonus payment. Hint: Use the bonus method when calculating income taxes. Look at "Example 1 - First or once-a-year bonus payment on the Google Doc. out of n Answer tion 6 Using the provincial tax tables for an Alberta employee, determine the provincial tax to withhold on the entire bonus, payment. Ravneet Using the provincial tax tables for an Alberta employee, determine the provincial tax to withhold on the entire bonus payment. Hint Use the bonus method when calculating income taxes. Look at "Example 1 - First or once-a-year bonus payment on the Google Doc. Answer: Calculate Becca's net bonus payment. Answer: 1

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