Dayna is an employee in Alberta who earns $760.00 weekly. She has filed TD1 and TD1AB forms with claim code 3. This pay she is receiving a pay increase of $25.00 per pay. The increase was effective three pay periods ago. Calculate the total income taxes on the retroactive increase paid on a separate cheque.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Dayna is an employee in Alberta who earns
$700.00 weekly. She has filed TD1 and TD1AB
forms with claim code 3. This pay she is
receiving a pay increase of $25.00 per pay.
The increase was effective three pay periods
ago. Calculate the total income taxes on the
retroactive increase paid on a separate
cheque.
Your answer:
Transcribed Image Text:Dayna is an employee in Alberta who earns $700.00 weekly. She has filed TD1 and TD1AB forms with claim code 3. This pay she is receiving a pay increase of $25.00 per pay. The increase was effective three pay periods ago. Calculate the total income taxes on the retroactive increase paid on a separate cheque. Your answer:
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