Question
Sophie Gowna, 47 years old, works for an Ontario company with a Bi-weekly pay cycle. She earns $18.5 per hour and receives over-time paid at
Sophie Gowna, 47 years old, works for an Ontario company with a Bi-weekly pay cycle. She earns $18.5 per hour and receives over-time paid at time and a half for any hours worked over 44 in a week. Sophie has worked 92 hours in this pay period. She receives $100 of cash gifts and awards in this pay and 4% vacation in each pay. She also receives $85 of monthly cash automobile allowances for compensating the kilometres driven for business use of her personal vehicle. The company paid $45 life insurance premium per month to Sunlife Insurance for all employees, and paid $55 cell phone service fees to Bell Canada for her personal use. Sophie pays $15 per month in union dues and contributes 5% of her regular hours wage to a Registered Retirement Savings Plan each pay cycle. What is Sophie's gross taxable earnings for this pay cycle?
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