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Problem 1: Marc is an accounts payable administrator for a large retail clothing chain in Québec. He earns $33,000.00 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, Marc has group term life insurance coverage of two times his annual salary. The company pays $0.85 per $1,000 of coverage for the group term life insurance coverage. Each administrative staff member receives an employer-paid parking spot at head office, located in downtown Montréal, where the fair market value of parking in the vicinity is $250.00 per month, included taxes. Parking benefits are assessed on a pay period basis. Marc receives a taxable car allowance of $75.00 per pay for using his own automobile for business purposes. Calculate Net Pay.
Select one:
Option 1: $1,008.65
Option 2: $1,108.55
Option 3: $1,089.53
Option 4: $1,144.12
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