folores is 17 years old and wr

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Dolores is 17 years old and works for a company in Edmonton, Alberta. She earns $24.33 per hour, works 40 hours per pay period and is paid
on a weekly basis. The company pays 100% of group term life insurance premiums for its employees as a non-cash taxable benefit which for
Dolores is $19.00 per pay period. Every pay period Dolores also contributes 4% of her salary to the company's Registered Retirement Saving
Plan and pays $22.00 in union dues. Her federal and provincial TD1 claim codes are 2. Determine Dolores's total income tax deduction per pay
period.
Transcribed Image Text:Dolores is 17 years old and works for a company in Edmonton, Alberta. She earns $24.33 per hour, works 40 hours per pay period and is paid on a weekly basis. The company pays 100% of group term life insurance premiums for its employees as a non-cash taxable benefit which for Dolores is $19.00 per pay period. Every pay period Dolores also contributes 4% of her salary to the company's Registered Retirement Saving Plan and pays $22.00 in union dues. Her federal and provincial TD1 claim codes are 2. Determine Dolores's total income tax deduction per pay period.
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