Solution-Calculate Marc net pay, Marc also receives a

Calculate Marc net pay

Reference no: EM132927936

Question - Marc is an accounts receivable administrator for a large retail clothing chain in Alberta. He earns $33,000.00 annually which is paid bi-weekly. Marc's TD1 claim code is 1.

As part of the 100% employer-paid benefit package, Marc has group Term Life Insurance coverage insured at the rate of two times his annual salary. The company pays $0.85 per $1,000 for this coverage.

Each administrative staff member receives an employer-paid parking spot at head office, located in downtown Calgary, where the fair market value of parking in the vicinity is $250.00 per month, plus GST. Parking benefits are assessed on a pay period basis.

Marc also receives a taxable car allowance of $75.00 per pay for using his own automobile for business purposes.

Calculate Marc's net pay.

Reference no: EM132927936

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Calculate Marc net pay

Reference no: EM132927936

Reference no: EM132927936

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