Tom earns $99,000 per annum receives a cash taxable benefit of $75 every semimonthly pay...

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Accounting

Tom earns $99,000 per annum receives a cash taxable benefit of $75 every semimonthly pay period. He also receives a group term life insurance benefit worth $45 every pay period in addition to a monthly car allowance of $400. In addition, Tom contributes $150 every pay period to the company registered pension plan (RPP). Calculate Tom's net pay using a combined tax rate of 18%.
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