1.Macy's life insurance coverage through her employer's group plan is 2 times her annual salary of $33,000.00. Her employer pays the insurer 100% of the cost of her life insurance coverage at a premium rate of $2.00 per $1,000.00 of coverage per month.

Calculate Macy's monthly taxable benefit.

Select one:

$132.00

$66.00

$198.00

Coverage is not a taxable benefit

2.Square One Invitations has its head office in downtown Regina, Saskatchewan. The employees at this location have their $200.00 monthly parking fee, including taxes, paid for by the company. Calculate the bi-weekly parking taxable benefit for the employees.

Select one:

$46.15

$433.33

$92.31

$100

3.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 monthly group term life insurance coverage of two time's annual salary; the group term life insurance premium rate is $0.74 per $1,000.00 of coverage. Sally 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 Helen's net pay.

4.Simone works for Successful Business Inc. in Qubec and earns an annual salary of $30,500.00 paid on a semi-monthly basis. In addition to her regular salary, Simone's employer provides group term life insurance coverage through a third party of two times her annual salary. The monthly group term life insurance premiums are $0.48 per $1,000.00 of coverage, excluding taxes. Her employer also provides private health insurance benefits with a monthly premium of $260.00, excluding taxes. The tax on insurances in Qubec is 9%. Her federal TD1 claim code is 2 and her provincial TP-1015.3-V deduction code is B. Simone willnotreach the Qubec Pension Plan, Employment Insurance or Qubec Parental Insurance Plan annual maximums this pay

period. Calculate the employee's net pay.

5.Claire Chen works for Gibson Catering in Alberta and is provided with a company owned automobile. The automobile was in Claire's possession for 365 days. Of the 46,629 kilometres driven, 24,143 kilometres were for business purposes. The purchase price of the vehicle was $28,760.00, excluding the GST calculated at 5%. Claire requested in writing that Gibson Catering use the optional operating cost method if all the conditions apply. She did not reimburse the company for any of the expenses associated with the automobile. Calculate the taxable benefit.

Select one:

Taxable Benefit=$10,871.28

Taxable Benefit=$3,623.76

Taxable Benefit=$7,247.52

Taxable Benefit=$10,623.76

6.Joseph works for Northwest Gaskets in Alberta. He earns $33,800.00 per year and is paid biweekly. His TD1 federal and provincial claim codes are 3. In March 2019, Joseph receives a production bonus for meeting his 2018 targets. The bonus of $4,940.00 is paid separately from his regular pay. Calculate the income tax on Joseph's bonus payment.

Select one:

Income tax on bonus = $1,291.37

Income tax on bonus = $1,054.37

Income tax on bonus = $1,154.40

Income tax on bonus = $1,223.73

7.Fred has worked for an advertising company in British Columbia since May 5, 1986. His employment was terminated on August 31, 2019, and he was paid a $47,000.00 retiring allowance. His company didnothave a pension plan, a pension fund or a deferred profit sharing plan. Calculate the eligible portion of the retiring allowance based on Fred's service.

Select one:

Eligible portion =$22,500.00

Eligible portion =$26,500.00

Eligible portion =$28,500.00

Eligible portion =$24,500.00

8.Jean-Claude is receiving a retroactive adjustment on his monthly pay due to paperwork being delayed. Jean-Claude's total retroactive adjustment is $832.40 that will be paid together on the same cheque with his new monthly salary of $3,221.24. Calculate JeanClaude's Qubec Employment Insurance premium for this pay. He will not reach the annual maximum premium with this payment.

Select one:

EI contribution for this pay = $59.13

EI contribution for this pay = $50.67

EI contribution for this pay = $69.19

EI contribution for this pay = $49.13

9.Fred's Qubec employer gave him a stereo worth $300.00 including taxes as a Christmas gift. He also received a camera for his birthday worth $200.00 including taxes within the same year. What is the provincial taxable benefit?

Select one:

$0.00

$200.00

$300.00

$400.00