Jean is paid $25.00 per hour, receives a car allowance of $75.00, and a non-cash taxable benefit of $25.00 every pay. During the current bi-weekly pay period Jean worked 80 hours and received a bonus of $700.00. What are Jean's insurable earnings for this pay period?
Jean's insurable earnings | Amount |
Salary (80*25) | $ 2,000 |
Add: Bonus | $ 700 |
Car Allowance | $ 75 |
$ 2,775 |
Note: Since non-cash tax benefit is not a cash remuneration, it is not considered for insurable earnings.
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