France works for a company located in Pierrefonds, Québec. She earns an annual salary of $54.905.00 and is paid on a monthily basis, Her company pays 100% of the premiums for its employees group term life insurance coverage. The premiums the company pays for France's coverage are a non cash taxable benefit of $32.00 per pay. France participates in the company's group Registered Retirement Savings Plan and contributes 3% of her salary to the plan every pay. She also pays $37.00 in union dues each pay. Her Québec deduction code is B. Determine France's provincial income tax deduction per pay period. Your answer:

France works for a company located in Pierrefonds, Québec. She earns an annual salary of $54.905.00 and is paid on a monthily basis, Her company pays 100% of the premiums for its employees group term life insurance coverage. The premiums the company pays for France's coverage are a non cash taxable benefit of $32.00 per pay. France participates in the company's group Registered Retirement Savings Plan and contributes 3% of her salary to the plan every pay. She also pays $37.00 in union dues each pay. Her Québec deduction code is B. Determine France's provincial income tax deduction per pay period. Your answer:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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