Calculate the income tax on joseph bonus payment

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Reference no: EM132781240

Problem 1: Joseph works for Northwest Gaskets in Alberta. He earns $33,800.00 per year and is paid biweekly. His TD1 federal and provincial claim codes are 3. In March 2019, Joseph receives a production bonus for meeting his 2018 targets. The bonus of $4,940.00 is paid separately from his regular pay. Calculate the income tax on Joseph's bonus payment.

Select one:

Option 1: Income tax on bonus = $1,291.37
Option 2: Income tax on bonus = $1,054.37
Option 3: Income tax on bonus = $1,154.40
Option 4: Income tax on bonus = $1,223.73

Reference no: EM132781240

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