Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sally Thomas works for Bedford water purification plant, in Ontario, as an accountant and is paid an annual salary of $46,800.00, on bi-weekly basis. She

Sally Thomas works for Bedford water purification 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 TD1s. The organization pays 50% of the cost of the employees group life insurance coverage. The premium for Sallys life insurance is $88.00 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: Use 2021)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Deflation Current And Historical Perspectives

Authors: Richard C. K. Burdekin, Pierre L. Siklos

1st Edition

0521837995,0511227671

More Books

Students also viewed these Finance questions