Diane works for Fashion Services in Alberta and earns an annual salary of$62,750.00 paid on a weekly basis. She receives a $85.00 car allowanceeach pay. The company pays 100% of group term life insurance premiumsfor its employees as a non-cash taxable benefit which for Diane's is $25.00per pay period. Diane is a member of the company's registered pensionplan and contributes 3% of her salary to the plan every pay. Her federaland Alberta TD1 claim codes are 3.Determine Diane's total income tax deduction per pay period.Your answer:

It is assumed that the tax year is 2021.…

Answered: Diane works for Fashion Services in…

Business

Accounting

Diane works for Fashion Services in Alberta and earns an annual salary of

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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