Lois works for Marian Transport in Québec and is paid $2,632.33 semi-monthly. Her employer provides group term life insurance coverage and pays 100% of the premiums for Lois's coverage. This non-cash taxable benefit is $21.00 per pay. She contributes 3% of her gross earnings to the company's Registered Pension Plan each pay and pays $24.00 semi-monthly for union dues. Her federal TD1 claim code is 3 and her provincial TP-1015,3-V deduction code is C. Lois will not reach the Québec Pension Plan, Employment Insurance or Québec Parental Insurance Plan annual maximums this pay period. Calculate Lois's net pay, following the steps in the payroll calculation template.
Lois works for Marian Transport in Québec and is paid $2,632.33 semi-monthly. Her employer provides group term life insurance coverage and pays 100% of the premiums for Lois's coverage. This non-cash taxable benefit is $21.00 per pay. She contributes 3% of her gross earnings to the company's Registered Pension Plan each pay and pays $24.00 semi-monthly for union dues. Her federal TD1 claim code is 3 and her provincial TP-1015,3-V deduction code is C. Lois will not reach the Québec Pension Plan, Employment Insurance or Québec Parental Insurance Plan annual maximums this pay period. Calculate Lois's net pay, following the steps in the payroll calculation template.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Do not give solution in image
Transcribed Image Text:Lois works for Marian Transport in Québec and is paid $2,632.33 semi-monthly. Her employer provides group term life insurance coverage and pays 100% of the premiums for
Lois's coverage. This non-cash taxable benefit is $21.00 per pay. She contributes 3% of her gross earnings to the company's Registered Pension Plan each pay and pays $24.00
semi-monthly for union dues. Her federal TD1 claim code is 3 and her provincial TP-1015,3-V deduction code is C. Lois will not reach the Québec Pension Plan, Employment
Insurance or Québec Parental Insurance Plan annual maximums this pay period. Calculate Lois's net pay, following the steps in the payroll calculation template.
COLL
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education