COMPLETE THIS QUESTION IN A MICROSOFT WORD, EXCEL OR PDF DOCUMENT AND UPLOAD TO MOODLE...
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Accounting
COMPLETE THIS QUESTION IN A MICROSOFT WORD, EXCEL OR PDF DOCUMENT AND UPLOAD TO MOODLE BEFORE THE QUIZ CLOSES Ms. Kelly-Ann Jones is earning $5,400,000 per year as gross pay and is given a non-taxable motor vehicle allowance of $500,000 per year. The company pays Ms. Jones $50,000 per month as a rent allowance. The company has an approved pension scheme for which the employee contributes 10% per month. Ms. Jones has asked her employer to deduct $3,000 per week from her salary to a partnership plan with the credit union. Required: a) Calculate the net pay for Kelly-Ann Jones for the year 2024 (30 Marks) b) Compute the taxes that the company will pay for Ms. Jones in 2024. (10 Marks)
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