kindly help.Thank you Assignment No 4 Unicorn Inc., located in...
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Accounting
kindly help.Thank you
Assignment No 4 Unicorn Inc., located in Toronto, Ontario Has a Bi-weekly pay period. Ms. Marry works in Sales department, annual salary of \$75,400. Ms. Marry claim code 1. - Marry receives a taxable monthly car allowance of \$90, paid on pay period basis. - The company pays 100% of the premium of the employee's group term life insurance coverage. Marry's life insurance coverage is two times the annual salary. Marry has also $150,000 of optional life insurance coverage, which s employee paid. The premium rate for the group term life insurance is $0.45 per $1,000 of coverage and Marry's optional life insurance rate is $0.54 per $1,000 of coverage. All benefits are assessed on a pay period basis. - Marry contributes $150 per pay to the RRSP and donates \$5 per pay to an NGO - The company Unicom Inc. has received a CRA requirement to pay Notice for Marry. The notice states that the company must withhold and remit 20% of Ms. Marry net pay to the CRA on a pay period basis. Nat pay is defined as all the monies paid to the employee, less statutory deductions. Calculate Ms. Marry Bi-weekly Net pay

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