Sara Marconi works for Unity Paper Products, in Alberta, as an accounting supervisor and is paid an annual salary of $$48,074\mathrm{.}00$ on a bi$-$weekly basis. The organization pays $50\%$ of the cost of the employees$$ group term life insurance coverage. The premium for Gina$$s life insurance is $$74\mathrm{.}00$ per month; $50\%$ of the premium is included in income on a pay period basis. Gina is a member of the registered pension plan and contributes $5\%$ of base salary to the plan each pay period and has also pledged $$20\mathrm{.}00$ per pay to United Way. The claim Code on the federal and provincial TD$1$s is $1$

Calculate net pay.

MANUAL PAY STATEMENT

Taxable Payments

$$ Earnings

$$

$$

$$ Gross Taxable Earnings $($GTE$)$

Non$-$taxable Payments

$$

$$ Total Gross Payment

CRAi RQii

GTE

$$ Employer$-$paid group term life insurance

$$

$$

$$ Pensionable Earnings $($PE$)$

GTE

$$

$$ Insurable Earnings $($IE$)$

GTE

$$ Employer$-$paid group term life insurance

$$

$$

$$ Deduction for enhanced C$/$QPP contribution

$$ Employee RPP contribution

$$ Net Taxable Income $($NTI$)$

Statutory Deductions

$$ C$/$QPP contributions

$$ EI premiums

$$ QPIP premiums

$$ Income tax $[$federal $$ provincial $($except Quebec$)]$

$$ Quebec income tax

Authorized Deductions

$$

Company Compulsory Deductions

$$ Employee paid life insurance premiums

$$ Employee RPP contribution

Voluntary Deductions

$$ United Way

$$ Total Deductions

$$ Net Pay $($Total Gross Payment $$ Total Deductions$)$