Dolores has worked for Taber Lighting in Edmonton, Alberta since 2012. She earns $21.83 per hour,works 40 hours per pay period and is paid on a weekly basis. The company provides its employees withgroup term life insurance and pays 100% of the premiums for its employees coverage. The premiumsthe company pays for Dolores's coverage are a non-cash taxable benefit of $13.00 per pay. Doloresparticipates in the company's Registered Retirement Savings Plan and contributes 3% of her earnings tothe plan every pay. She also pays $21.00 in union dues each pay. Her federal and provincial TD1 claimcodes are 1.Determine the employee's total income tax deduction for this pay period.Your answer:

Income tax is defined as the portion of the income paid to the government or the taxation authority…

Answered: Determine the employee's total income…

Business

Accounting

Determine the employee's total income tax deduction for this pay period. Your answer:

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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Question

Dolores has worked for Taber Lighting in Edmonton, Alberta since 2012. She earns $21.83 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 its employees coverage. The premiums
the company pays for Dolores's coverage are a non-cash taxable benefit of $13.00 per pay. Dolores
participates in the company's Registered Retirement Savings Plan and contributes 3% of her earnings to
the plan every pay. She also pays $21.00 in union dues each pay. Her federal and provincial TD1 claim
codes are 1.
Determine the employee's total income tax deduction for this pay period.
Your answer:

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