Question: pcl-4-1-f Kim works for Priority Packaging in Alberta and is paid $1,538.46 bi-weekly. She contributes 3% of her gross earnings to a Registered Retirement Savings Plan each pay. Kim pays $26.00 bi-weekly for union dues and receives a group term life insurance non-cash taxable benefit of $18.00 each pay, paid 100% by her employer. Her federal and provincial TD1 claim codes are 3 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Calculate Kim's net pay, following the order of the steps in the net pay template.

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: pcl-4-1-f Kim works for Priority
Packaging in Alberta and is paid
$1,538.46 bi-weekly. She contributes 3%
of her gross earnings to a Registered
Retirement Savings Plan each pay. Kim
pays $26.00 bi-weekly for union dues
and receives a group term life insurance
non-cash taxable benefit of $18.00 each
pay, paid 100% by her employer. Her
federal and provincial TD1 claim codes
are 3 and she will not reach the annual
maximums for Canada Pension Plan or
Employment Insurance with this
payment. Calculate Kim's net pay,
following the order of the steps in the net
pay template.
Transcribed Image Text:Question: pcl-4-1-f Kim works for Priority Packaging in Alberta and is paid $1,538.46 bi-weekly. She contributes 3% of her gross earnings to a Registered Retirement Savings Plan each pay. Kim pays $26.00 bi-weekly for union dues and receives a group term life insurance non-cash taxable benefit of $18.00 each pay, paid 100% by her employer. Her federal and provincial TD1 claim codes are 3 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Calculate Kim's net pay, following the order of the steps in the net pay template.
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