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Question - Sarah Michaud works for Affordable Transport in Québec and earns an annual salary of $57,500.00 paid on a semi-monthly basis. In addition to her regular salary, Sarah's employer provides group term life insurance coverage through a third party of two times her annual salary. The monthly group term life insurance premiums are $0.48 per $1,000.00 of coverage, excluding taxes. Her employer also provides private health insurance benefits with a monthly premium of $270.00, excluding taxes. The tax on insurance premiums in Québec is 9%. Her federal TD1 claim code is 2 and her provincial TP-1015.3-V deduction code is B. Sarah will not reach the Québec Pension Plan, Employment Insurance or Québec Parental Insurance Plan annual maximums this pay period. Calculate the employee's net pay, following the order of the steps in the net pay template.
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