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Using the provincial tax tables for an Alberta employee, determine the provincial tax to withhold on the entire bonus payment. Hint: Use the bonus method

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Using the provincial tax tables for an Alberta employee, determine the provincial tax to withhold on the entire bonus payment. Hint: Use the bonus method when calculating income taxes. Look at "Example 1 - First or once-a-year bonus payment on the Google Doc Answer: Calculate Becca's net bonus payment. Answer: Becca Harris works for Shallow Inc. in Lethbridge, Alberta Becca is going to receive a $6,000.00 performance bonus on her next pay for meeting her previous year objectives. The bonus is the first Becca has received this year and will be paid on a separate cheque. Becca claims code 1 on her federal and provincial TD1s. Her regular bi-weekly salary is $1,650.00 and she has a group term life insurance non-cash taxable benefit of $12.50 per pay. She will not reach the annual maximums for CPP contributions or El premiums with this payment Use this information to answer questions 3-7 Calculate Becca's CPP contribution. Answer: Calculate Becca's Employment Insurance Premium Using the provincial tax tables for an Alberta employee, determine the provincial tax to withhold on the entire bonus payment. Hint: Use the bonus method when calculating income taxes. Look at "Example 1 - First or once-a-year bonus payment on the Google Doc Answer: Calculate Becca's net bonus payment. Answer: Becca Harris works for Shallow Inc. in Lethbridge, Alberta Becca is going to receive a $6,000.00 performance bonus on her next pay for meeting her previous year objectives. The bonus is the first Becca has received this year and will be paid on a separate cheque. Becca claims code 1 on her federal and provincial TD1s. Her regular bi-weekly salary is $1,650.00 and she has a group term life insurance non-cash taxable benefit of $12.50 per pay. She will not reach the annual maximums for CPP contributions or El premiums with this payment Use this information to answer questions 3-7 Calculate Becca's CPP contribution. Answer: Calculate Becca's Employment Insurance Premium

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