ments ar 10. Gina works for Unity Products in Alberta and is paid annual salary of $48,074.00 on a bi- weekly basis. The organization pays 50% of the cost of employees' group term life insurance coverage. Gina's premium is $74.00 per month; 50% of the premium is included in her income on a pay period basis. Gina is a member of registered pension plan and contributes 5% of her base salary to the plan each pay period. She has also pledged $20.00 per pay to United Way. Calculate the following: a) Regular earnings per pay period b) Employer portion of group term life monthly premium c) Group term life insurance taxable benefit per pay d) Registered Pension Plan Contribution (4 Points) Enter your answer

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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10. Gina works for Unity Products in Alberta and is paid annual salary of $48,074.00 on a bi-
weekly basis. The organization pays 50% of the cost of employees' group term life
insurance coverage. Gina's premium is $74.00 per month; 50% of the premium is
included in her income on a pay period basis. Gina is a member of registered pension
plan and contributes 5% of her base salary to the plan each pay period. She has also
pledged $20.00 per pay to United Way. Calculate the following:
a) Regular earnings per pay period
b) Employer portion of group term life monthly premium
c) Group term life insurance taxable benefit per pay
d) Registered Pension Plan Contribution (4 Points)
Enter your answer
Transcribed Image Text:ments ar 10. Gina works for Unity Products in Alberta and is paid annual salary of $48,074.00 on a bi- weekly basis. The organization pays 50% of the cost of employees' group term life insurance coverage. Gina's premium is $74.00 per month; 50% of the premium is included in her income on a pay period basis. Gina is a member of registered pension plan and contributes 5% of her base salary to the plan each pay period. She has also pledged $20.00 per pay to United Way. Calculate the following: a) Regular earnings per pay period b) Employer portion of group term life monthly premium c) Group term life insurance taxable benefit per pay d) Registered Pension Plan Contribution (4 Points) Enter your answer
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