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.
Chapter4: Income Exclusions
Section: Chapter Questions
Problem 47P
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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.
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