11. Which of the following benefits would be taxable (and pensionable) for a Lakeland College employee? a. Gym membership at Motion Fitness b. Group life insurance C. Company automobile provided for business use only d. Alberta Blue Cross health/medical coverage e. All of the above f. Only a. and b. 12. Ahmed received the following gifts/awards during the year from his employer: (all applicable items include sales taxes in the amount) 1. Clothing with the company logo, valued at $250 ii. A watch, valued at $145 iii. A cheque for $300 and a tennis racquet ($195 value) for completing 10 years of service with the company iv. A gift card for $100 to Home Depot, as a Christmas present The cheque and gift card amounts will both be taxable, but the other items will not be taxable. True b. False a. 13. Alice receives life insurance coverage through her employer. The coverage amount is 3 times her annual salary of $100,000. The premium is $0.35/$1000 of coverage, paid monthly. Alice is paid bi-weekly. The amount to be included in the calculation of her bi- weekly GPTI would be: a. $35.00 b. $48.46 C. $52.50 d. $105.00 e. None of the above Questions 14 - 17 refer to the following information: An individual earns $83,500 per year, paid bi-weekly. The employer pays the gym $100/month for the employee's gym membership and pays the employee a car allowance of $140 per pay period. The employee contributes 4% of her gross earnings to the company pension plan. 14. Gross Earnings for the payperiod equals: a. $3211.54 b. 3351.54 c. 3397.69 d. 3479.17 e. None of the above 4/10 15. Gross Pensionable/Taxable income equals: a. $3211.54 b. 3351.54 C. 3397.69 d. 3479.17 e. None of the above 16. Gross Insurable Earnings equals: a. $3211.54 b. 3351.54 C. 3397.69 d. 3479.17 e. None of the above 17. Net Taxable income equals: a. $3211.54 b. 3351.54 C. 3397.69 d. 3479.17 e. None of the above