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Determine Gloria's federal income tax deduction per pay period.

Determine Gloria's federal income tax deduction per pay period.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Gloria works for Joseph Industries located in Sherbrooke, 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 $24.00 per pay. Gloria is a member of the company's Registered Pension Plan and contributes de of her salary to the plan every pay. She also pays $23.00 in union dues each pay. Her federal TD1 claim code is 3. Determine Gloria's federal income tax deduction per pay period. Your answer:
Transcribed Image Text:Gloria works for Joseph Industries located in Sherbrooke, 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 $24.00 per pay. Gloria is a member of the company's Registered Pension Plan and contributes de of her salary to the plan every pay. She also pays $23.00 in union dues each pay. Her federal TD1 claim code is 3. Determine Gloria's federal income tax deduction per pay period. Your answer:
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