Calculate her gross insurable earnings this pay

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Question - Melanie works for a large manufacturing company in Ontario. She earns an annual salary of $48,500.00 which is paid on a weekly basis. In addition to her regular pay, Melanie's group life insurance taxable benefit is $25.00 per pay.  Melanie receives a car allowance of $200.00 per pay and Melanie contributes 5% of her base salary to her RRSP.

Calculate her gross pensionable earnings (GPE) this pay.

Calculate her gross insurable earnings (GIE) this pay.

Calculate her Net Taxable Income this pay.

Calculate her Federal Income Tax Deduction this pay. She is claim code 1.

Reference no: EM132902639

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