Dionne has the following details related to a net pay. -Earns $26.50 per hour, has worked 88 regular hours this pay period -Pay cycle is semi-monthly - Reports to work at the Sudbury, Ontario branch of her company - Pay Date is Apr 26, 2024 -She only has basic federal and provincial claim codes on her TD1 and TD1ON - Overtime is paid at a rate of 1.5 x regular earnings - Dionne has also worked 9 hours of overtime this pay period -Union dues must be deducted for this pay at a rate of 3% of gross earnings - RRSP Contribution by employer of $50 per pay, Dionne is able to withdraw the amount prior to leaving the company or retiring. - RRSP Contribution by Dionne of $65 per pay - Dionne has Dental benefit deductions taken off each pay at a rate of $80/month
Dionne has the following details related to a net pay. -Earns $26.50 per hour, has worked 88 regular hours this pay period -Pay cycle is semi-monthly - Reports to work at the Sudbury, Ontario branch of her company - Pay Date is Apr 26, 2024 -She only has basic federal and provincial claim codes on her TD1 and TD1ON - Overtime is paid at a rate of 1.5 x regular earnings - Dionne has also worked 9 hours of overtime this pay period -Union dues must be deducted for this pay at a rate of 3% of gross earnings - RRSP Contribution by employer of $50 per pay, Dionne is able to withdraw the amount prior to leaving the company or retiring. - RRSP Contribution by Dionne of $65 per pay - Dionne has Dental benefit deductions taken off each pay at a rate of $80/month
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:Dionne has the following details related to a net pay.
-Earns $26.50 per hour, has worked 88 regular hours
this pay period
-Pay cycle is semi-monthly
- Reports to work at the Sudbury, Ontario branch of
her company
- Pay Date is Apr 26, 2024
-She only has basic federal and provincial claim
codes on her TD1 and TD1ON
- Overtime is paid at a rate of 1.5 x regular earnings
- Dionne has also worked 9 hours of overtime this
pay period
-Union dues must be deducted for this pay at a rate
of 3% of gross earnings
- RRSP Contribution by employer of $50 per pay,
Dionne is able to withdraw the amount prior to
leaving the company or retiring.
- RRSP Contribution by Dionne of $65 per pay
- Dionne has Dental benefit deductions taken off
each pay at a rate of $80/month
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