Reference no: EM132882585
1) Dionne works for Joseph Industries located in Joliette, Québec.
She earns $31.12 per hour, works 75 hours per pay period and is paid on a bi-weekly basis. The company provides its employees with group term life insurance and pays 100% of the premiums for their coverage. The premiums the company pays for Dionne's coverage are a non-cash taxable benefit of $17.00 per pay. Dionne is a member of the company's Registered Pension Plan and contributes 2% of her regular pay period earnings to the plan every pay. She also pays $24.00 in union dues each pay. Her federal TD1 claim code is 2.
Determine Dionne's federal income tax deduction for this pay period.
2) Grace works for Priority Packaging in Alberta and is paid $2,614.58 semi-monthly. She contributes 4% of her gross earnings to a Registered Retirement Savings Plan each pay. Grace pays $23.00 semi-monthly for union dues and receives a group term life insurance non-cash taxable benefit of $19.00 each pay, paid 100% by her employer. Her federal and provincial TD1 claim codes are 2 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment.
Calculate Grace's net pay, following the order of the steps in the net pay template:
Step 1: Gross Earnings
Step 2: Non-Cash
Step 3: Canada Pension Plan
Step 4: Employment Insurance
Step 5: Quebec Parental Insurance Plan
Step 6: Federal Income Tax
Step 7: Provincial Income Tax
Step 8: Total Deductions
Step 9: Net Pay
3) Gloria works for Maison Industries located in Aylmer, Québec. She earns $22.56 per hour, works 40 hours per pay period and is paid on a weekly basis. The company provides its employees with group term life insurance and pays 100% of the premiums for their coverage. The premiums the company pays for Gloria's coverage are a non-cash taxable benefit of $18.00 per pay. Gloria is a member of the company's Registered Pension Plan and contributes 5% of her regular pay period earnings to the plan every pay. She also pays $25.00 in union dues each pay. Her Québec deduction code is A.
Determine Gloria's provincial income tax deduction for this pay period.
Your answer:
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