Diane works for Fashion Services in Alberta and earns an annual salary of $62,750.00 paid...
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Diane works for Fashion Services in Alberta and earns an annual salary of $62,750.00 paid on a weekly basis. She receives a $85.00 car allowance each pay. The company pays 100% of group term life insurance premiums for its employees as a non-cash taxable benefit which for Diane's is $25.00 per pay period. Diane is a member of the company's registered pension plan and contributes 3% of her salary to the plan every pay. Her federal and Alberta TD1 claim codes are 3. Determine Diane's total income tax deduction per pay period. Your answer: Diane works for Fashion Services in Alberta and earns an annual salary of $62,750.00 paid on a weekly basis. She receives a $85.00 car allowance each pay. The company pays 100% of group term life insurance premiums for its employees as a non-cash taxable benefit which for Diane's is $25.00 per pay period. Diane is a member of the company's registered pension plan and contributes 3% of her salary to the plan every pay. Her federal and Alberta TD1 claim codes are 3. Determine Diane's total income tax deduction per pay period. Your
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