Calculate net pay for an employee residing and working in Quebec who has regular earnings...
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Accounting
Calculate net pay for an employee residing and working in Quebec who has regular earnings and taxable benefits. Use the Payroll template below: Marc Potvin is an accounts payable administrator for a large retail clothing chain in Qubec He earns $ annually, paid biweekly. Marcs TD claim code is and his TPV deduction code is A As part of the employerpaid benefit package, Marc has group Term Life Insurance Coverage worth two times his annual salary. The company pays $ per $ for the group Term Life Insurance Coverage. Each administrative staff member receives an employerpaid parking spot at head office, located in downtown Montral where the fair market value of parking in the vicinity is $ per month, plus goods and services tax GST which is calculated at a rate of on the selling price; and the Qubec sales tax QST which is calculated at a rate of on the selling price excluding the GST Parking benefits are assessed on a pay period basis. Marc receives a taxable car allowance of $ per pay for using his own automobile for Business purposes.
Calculate net pay for an employee residing and working in Quebec who has regular earnings and taxable benefits. Use the Payroll template below:
Marc Potvin is an accounts payable administrator for a large retail clothing chain in Qubec He earns $ annually, paid biweekly. Marcs TD claim code is and his TPV deduction code is A
As part of the employerpaid benefit package, Marc has group Term Life Insurance Coverage worth two times his annual salary. The company pays $ per $ for the group Term Life Insurance Coverage.
Each administrative staff member receives an employerpaid parking spot at head office, located in downtown Montral where the fair market value of parking in the vicinity is $ per month, plus goods and services tax GST which is calculated at a rate of on the selling price; and the Qubec sales tax QST which is calculated at a rate of on the selling price excluding the GST Parking benefits are assessed on a pay period basis.
Marc receives a taxable car allowance of $ per pay for using his own automobile for Business purposes.
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