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Larry is an account payable administrator for a large retail clothing chain in Quebec. He...

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Accounting

Larry is an account payable administrator for a large retail clothing chain in Quebec. He earns $43,200 annually, paid bi-weekly, Marc's TD1 claim code is 1 and his TP1015.3-V deduction code is A.
As part of the 100% employer paid benefit package . Larry has group term life insurance coverage of two times his annual salary. The company pay $0.85 per $1000.00 of coverage for the group term life insurance coverage.
Each Administrative staff receives an employer paid parking spot at head office in down town Montreal, where the fair market value of parking in the vicinity is $250 per month plus tax and parking benefits are assessed on a pay period basis.
Larry also received a taxable car allowance of $75.00 per pay period for using his own car for business purpose.
Required
Using the payroll calculation Template Calculate Marc's net pay. (2024)

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