Sally Chapel works for Adams Photography in Alberta and earns an annual salary of $53,500.00 paid...

Sally Chapel works for Adams Photography in Alberta and earns an annual salary of $53,500.00 paid on a bi-weekly basis. The company’s benefit package includes group term life insurance coverage of two times annual salary; the group term life insurance premium rate is $0.74 per $1,000.00 of coverage. Helen receives a taxable car allowance of $25.00 every pay for using her own car to go to client appointments. Her federal and provincial TD1 claim codes are 3. Helen will not reach the Canada Pension Plan or Employment Insurance annual maximums this pay period.

Calculate the employee’s net pay, following the order of the steps in the net pay template.

Calculate Helen's net pay.

Expert Solution

ekkarill92 answered 2 years ago

Mary earns an annual salary of $44,550.00 in Alberta and is paid bi-weekly basis.She receives a...

Mary earns an annual salary of $44,550.00 in Alberta and is paid bi-weekly basis.She receives a $75 car allowance each pay.Her owner pays 100% of the premium for it's employees group term life insurance coverage.The premium the company pays for Mary's coverage are a non-cash taxable benefit of $18.00 per pay.Mary contributes 4% of her salary to company's registered pension plan.Her federal and Alberta TD1 claims code are 1.Calculate her total income tax deduction for this pay period.

Lisa and Collin are married. Lisa works as an engineer and earns a salary of $116,000....

Lisa and Collin are married. Lisa works as an engineer and earns a salary of $116,000. Collin works at a beauty salon and reported wages of $45,000. Lisa received $500 of interest from corporate bonds and $250 of interest from a municipal bond. Lisa acquired these bonds prior to her marriage to Collin. Collin's father passed away on April 14. He inherited cash of $50,000 and his baseball card collection, valued at $2,000. As beneficiary of his father's life insurance...

Jordan Hubert works for ABC all year and earns a monlty salary of $12,800. Thre is...

Jordan Hubert works for ABC all year and earns a monlty salary of $12,800. Thre is no overtime pay. Jordans income tax withholding rate is 10% of gross pay. In addition to payroll taxes, Jordan elects to contribute 1% monthly to united way. ABC also deducts $175 montly for co-payment of the health insurance premium. As of september 30 , Jordan had 115,200 of cumulative earnings For all payroll calculations, use the following tax rates and round amounts to the...

The average individual in a country earns an annual salary of $60,000, of which $24,000 is...

The average individual in a country earns an annual salary of $60,000, of which $24,000 is spent on housing, $10,800 on food, $10,800 on transportation, and $14,400 on other goods and services. Suppose the government in this country mandates that all salaries and the prices of all goods and services be reduced by 40 percent. a. How much does the average individual now earn? b. How much does the average individual now spend on housing, food, transportation, and other goods...

Sally works for Nikko Enterprises and earns $990 bi-weekly. She has just received a 2% pay...

Sally works for Nikko Enterprises and earns $990 bi-weekly. She has just received a 2% pay increase, effective this current pay period. In addition, Sally is entitled to five weeks’ vacation pay, which is paid each pay period. Each pay, Sally also receives a group medical benefit of $40, which is shared 50/50 with her employer. She also receives an annual group term life insurance benefit of $1,250. Both plan values include applicable sales tax. In addition, the following are...

Christine Boone is an employee at Americamp Vehicles. She earns a salary of $34,750 annually, paid...

Christine Boone is an employee at Americamp Vehicles. She earns a salary of $34,750 annually, paid biweekly. She contributes to the following fringe benefits and other deductions: Medical insurance: $80 per pay period Dental insurance: $15 per pay period 401(k): 5% of gross pay Union dues: $100 per month Additional withholding: $75 per month Fringe benefits Amount Medical insurance Dental insurance 401(k) Union dues Additional withholding Total amount of Christine's fringe benefits and other deductions $0.00

Sally was hired at an annual salary of $60,000 on 1/1/20. She elected to contribute $2000...

Sally was hired at an annual salary of $60,000 on 1/1/20. She elected to contribute $2000 to her Flexible Spending Account (FSA) and her employer contributed $500 to the plan. She contributed $5,000 to the company’s 401(k) plan and the company contributed $2500. In addition, she contributed $100 from her payroll to the local United Way campaign. Compute the amount of her 2020 compensation that is subject to FICA taxes and the amount subject to income taxes.

Jordan earns an annual salary of $47,400. If a lender uses 33% of monthly gross income...

Jordan earns an annual salary of $47,400. If a lender uses 33% of monthly gross income as a guideline for the maximum PITI (principal, interest, taxes, and insurance), what is the maximum amount that Jordan can pay for PITI each month?

Aimee is a salaried nonexempt employee who earns an annual salary of $54,000 for a 35-hour...

Aimee is a salaried nonexempt employee who earns an annual salary of $54,000 for a 35-hour workweek, paid biweekly. The employer pays overtime for any hours worked in excess of 35 per week. During a pay period, she worked 73.5 hours. She has requested that she take compensatory time in lieu of paid overtime. How much compensatory time should she receive, assuming that her firm approves the compensatory time? 3.5 hours 2.75 hours 5.25 hours 10.25 hours

Kevin Nguyen works for ABCO Corporation at a salary of $700 per week. He is paid...

Kevin Nguyen works for ABCO Corporation at a salary of $700 per week. He is paid every two weeks. The following is deducted from his bi-weekly pay: income tax $185, CPP $60, and EI premiums of $25. The employer is also required to make employee contributions of $60 to CPP and EI premiums of $35. Indicate which of the following statements are correct (Select as many as appropriate.) a. Kevin’s net pay for the period will be $1,130 b. The...

Question