Question
Techy Company started their business on July 1, this year. Techy Company had two employees in this year: Sarah and Bobby. The payroll is run
Techy Company started their business on July 1, this year. Techy Company had two employees in this year: Sarah and Bobby. The payroll is run semi-monthly. Bobby estimates that his net income. this year, will be $10,000 for TD-1 purposes. Assume Sarah and Bobby work the entire period from July 1 to December 31, this year, or 6 month. The following payroll data was provided for Sarah and Bobby: Sarah(80 yrs. old) Bobby(75 yrs. Old and Disabled) Annual Salary $24,000 $48,000 Claim Codes TOTAL Income tax calculated for each paycheque is $200 per paycheque. (assumed and given; no need to calaculte income tax. To determine Spouse 60 years old Estimated Net Income: $50,000 No Children No Children Tuition none $2,000, Seneca Part Time 4 months. Private Pension Income from Sun Life Assurance. none Estimated, $5,000 per year (Pension Income) Registered Pension Plan (RPP) Deduction $50 per pay $50 per pay Sarah's net paycheque for each pay this year is? Rounded to the nearest Dollar amount.
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