payroll fundamentals1

1. Net Pay {Points 9) Sally Thomas works for Bedford water purication plant, in Ontario, as an accountant and is paid an annual salary of $46,800.00, on bi-weekly basis. She has a claim code of 1 on her federal and provincial TD]s.nThe organization pays 50% of the cost of the employees' group life insurance coverage. The premium for Sally's life insurance is $38.00 per month; 50% of the premium is included in her income on a pay period basis. Sally is a member of the registered pension plan and contributes 8% of her base salary to the plan each pay period. She has also $15.00 per pay as donation. Calculate Net Pay (Hint: federal income tax - $245.00; Provincial income tax - $115.00)