Calculate bi-weekly non-cash taxable benefit for an employee


Problem

A Nova Scotia employer pays 100% of their employees' monthly group term life insurance premium, which is $1.50 per $1,000.00 of coverage based on two times annual salary. Calculate the bi-weekly non-cash taxable benefit for an employee earning $42,000.00 annually.

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Taxation: Calculate bi-weekly non-cash taxable benefit for an employee
Reference No:- TGS03229413

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