- SCENARIO Helen works for jefferson Movers in Alberta and earns an annual salary of $46,914.00 paid on a weekly basis. She contributes 5% of her gross earnings to a Registered Retirement Savings Plan each pay, Helen pays $25.00 weekly for union dues and receives a group term life insurance non-cash taxable benefit of $26.00 each pay. Her federal and provincial TD1 claim codes are 1 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Calculate Helen's net pay, following the steps in the payroll calculation template.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Aa.55.

 

SCENARIO
Helen works for Jefferson Movers in Alberta and earns an annual salary of $46,914.00 paid on a weekly basis. She contributes 5% of her gross earnings to a Registered
Retirement Savings Plan each pay. Helen pays $25.00 weekly for union dues and receives a group term life insurance non-cash taxable benefit of $26.00 each pay. Her federal i
and provincial TD1 claim codes are 1 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Calculate Helen's net.
pay, following the steps in the payroll calculation template.
Transcribed Image Text:SCENARIO Helen works for Jefferson Movers in Alberta and earns an annual salary of $46,914.00 paid on a weekly basis. She contributes 5% of her gross earnings to a Registered Retirement Savings Plan each pay. Helen pays $25.00 weekly for union dues and receives a group term life insurance non-cash taxable benefit of $26.00 each pay. Her federal i and provincial TD1 claim codes are 1 and she will not reach the annual maximums for Canada Pension Plan or Employment Insurance with this payment. Calculate Helen's net. pay, following the steps in the payroll calculation template.
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