User Account

All Pages

Calculate his gross pensionable-taxable income

Assignment Help Accounting Basics
Reference no: EM133034389

Question - Doris MacNeil works for Modern Furniture in Alberta and receives on her pay bi-weekly salary $1,564.85, overtime $352.96, 4% vacation pay $15.72, group-term life insurance non-cash taxable benefit $25.75, taxable car allowance $50.00. Also, he contributes $40.95 to the RPP and pays $7.00 in union dues each pay.

Required -

a. Calculate his Gross pensionable-taxable income.

b. Calculate his total deductions.

c. Calculate his net taxable income.

Reference no: EM133034389

Questions Cloud

At what price would michael be indifferent : Rents from the property will be $24,000 and he expects them to increase at a rate of 5% per year annually. At what price would Michael be indifferent
What is the after-tax salvage value : The project requires an initial investment in net working capital of $4001000. The marginal tax rate is 25 percent. What is the after-tax salvage value
Compute the payback period : Managers estimate that this investment will have a 10-yeat life and generate net cash inflows of $310,000 the first year, Compute the payback period
Calculate the volume in cubic millimeters : Calculate the volume in cubic millimeters represented by each square and Calculate and record below the average cell count (per square)
Calculate his gross pensionable-taxable income : Doris MacNeil works for Modern Furniture in Alberta and receives on her pay bi-weekly salary $1,564.85, Calculate his Gross pensionable-taxable income
What is the maximum CCA deduction : The machine is a Class 8 asset. What is the maximum CCA deduction A1A can take on this asset for the April 1 to December? 31, 2020 fiscal? year
Prepare a variance analysis report : Actual variable costs were $30 per unit and fixed costs totaled $350,000. Prepare a variance analysis report with flexible-budget and sales-volume variances
How does this impact the waiting time of the customers : If she adds another clerk to serve coffee, how does this impact the waiting time of the customers, and her customer service objectives
Find the required increase in annual cash inflows : Find the required increase in annual cash inflows in order to have the time adjusted rate of return approximately equal to the cost of capital

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the unit OH cost for basketballs

Doug Brown's Corporation manufactures soccer balls and basketballs. What is unit OH cost for basketballs if the total OH cost is allocated based on labor hours

  Problem related to direct write-off method

Tech Savvy, a computer consulting firm, has decided to write off the $8,375 balance of an account owed by a customer. Illustrate the effects on the accounts and financial statements to record the write-off (a) assuming that the direct write-off me..

  How should the intangible asset be initially recognized

How should the intangible asset be initially recognized? What is the appropriate subsequent measurement basis (i.e., measurement model) of the recognised asset

  What is the promotional expense for coupons

Funzy Cereal includes one coupon in its cereal and offers a toy car in exchange for $1.00 and coupons. What is the promotional expense for coupons

  Discuss companys organizational culture

Discuss your company's organizational culture. What are the ways you can help ensure that the company's culture fosters creativity and innovation among employee

  Determine the cost of the machine

The cost of a trial run was P960. Normal repairs and maintenance for the first year were P410. Determine the cost of the machine

  Compute the bond interest expense for the year ended

Elias records straight-line amortization of the bond discount. Compute the bond interest expense for the year ended December 31 of the first year

  Calculate the liquidity current ratio metrics for company

Calculate the Liquidity: Current ratio metrics for the company selected for the two most recent years and consider the trend in one of the categories.

  After the bank reconciliation is complete which

after the bank reconciliation is complete which adjustments are recorded in the accounting records? what do you think

  Prepare journal entry related to sheridan depreciable assets

Depreciation prior to 2020 under double-declining-balance was $95,800, Prepare the 2020 journal entry related to Sheridan's depreciable assets (equipment)

  How much is the interest expense for the year ended

EYE Company's accounting year ends on December 31. How much is the interest expense for the year ended December 31, 2020

  How many cells will the company require

How many cells will the company require to satisfy predicted demand under these conditions? Assume 242 workdays per year

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd