Question
1.John is an employee in Alberta and has a year-to-date total for regular earnings of $43,000 vacation pay of $2400 a home relocation loan taxable
1.John is an employee in Alberta and has a year-to-date total for regular earnings of $43,000 vacation pay of $2400 a home relocation loan taxable benefit of $3500 employer-provided automobile taxable benefit of $4250. Employer contributions to, his registered retirement savings plan of $1000, union dues of $400 calculate the total to be recorded in box 14 of John's T4 information slip.
2.Considering year and federal reporting: T4 is required when the employer has advanced in an amount that is equal to the Worker's Compensation award and the award is subsequently denied.
Select one:
True
False
3.With regard to a group life insurance policy, what is the purpose of medical evidence of insurability?
4.List two reasons in a group life insurance plan that an employee would need to submit medical evidence of insurability.
5.Deadlines for remitting the federal statutory deductions are based on the actual date of the payroll check/deposit not on the pay period ending date.
Select one:
True
False
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