Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sarah Johnson works for Allied Consulting in Alberta and receives the following remuneration on her pay Bi-weekly salary $1,364.85 Overtime 342.96 4% vacation pay on

image text in transcribed
Sarah Johnson works for Allied Consulting in Alberta and receives the following remuneration on her pay Bi-weekly salary $1,364.85 Overtime 342.96 4% vacation pay on overtime 13.72 Group term life insurance non-cash taxable benefit 15.75 Taxable car allowance 75.00 What is Doris' gross pensionable/taxable income for this pay? Type the numerical value into the answer box. Answer: Sarah contributes 3% of her bi-weekly salary to the employer's registered pension plan (RPP) and also pays $5.00 in union dues each pay. Calculate Doris' net taxable income, using the information provided in question 1. Answer: For the following Alberta employees, fill in the chart provided in the Course Readings with the employee's gross pensionable/taxable income, net taxable income, Canada Pension Plan (CPP) contributions, Employment Insurance (EI) premiums, and federal and provincial income tax withholdings. Use the Alberta payroll deduction tables in your Student Information Guide and show all calculations. None of these employees will reach the annual maximums for CPP contributions or El premiums on this pay. a. Frank Stringer earns $730.00 in regular wages per weekly pay period. He also receives a non-cash taxable benefit for group life insurance benefits of $4.50 per week. Frank is on- call for his employer and receives on-call pay of $20.00 per week. Frank's federal and provincial TD1 claim codes are 1. What is Frank's Federal income tax in 2019? Answer: For the following Alberta employees, fill in the chart provided in the Course Readings with the employee's gross pensionable/taxable income, net taxable income, Canada Pension Plan (CPP) contributions, Employment Insurance (EI) premiums, and federal and provincial income tax withholdings. Use the Alberta payroll deduction tables in your Student Information Guide and show all calculations. None of these employees will reach the annual maximums for CPP contributions or El premiums on this pay

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

Accounting For Inventory

Authors: Steven M. Bragg

2nd Edition

1938910648, 9781938910647

More Books

Students also viewed these Accounting questions

Question

What is a level perpetuity? A growing perpetuity?

Answered: 1 week ago