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Sylvia works for Trendy Autos in Alberta and receives a regular salary of $1,200.00 bi-weekly. She has received an increase of 4% that was effective
Sylvia works for Trendy Autos in Alberta and receives a regular salary of $1,200.00 bi-weekly. She has received an increase of 4% that was effective 5 pay periods prior. The current bi-weekly payroll has already been processed based on Sylvias new pay period earnings; the retroactive amount will be paid on a separate cheque. Sylvias pay period earnings are the same as her net taxable income. Her federal and provincial TD1 claims codes are 1. Calculate the income taxes on the retroactive amount.
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