5. The amount of the deduction corresponding to a GPTI of $1515.15 would be: (refer to Page 6 of this document) a. 69.84 b. 24.55 c. 94.39 (69.84+24.55) d. None of the above 6. A deduction of $108.00 would result from a net taxable income of $1195, and a claim code of 7. (refer to Page 7 of this document) a. True b. False 7. An employee has a net taxable income of $2500.00, paid on a bi-weekly basis. The amount of provincial income tax to be deducted could be: (refer to Page 7 of this document) a. 80.65 b. 162.40 c. 135.15 d. Any of the above e. None of the above Questions 8 and 9 refer to the following information: The yearly maximum deduction for CPP premiums is $2,748.90. A 32-year-old employee has a GPTI of $1500 per week, is paid weekly, and has worked for the company for over 4 years. 8. On which paycheque (eg: 1st, 15th, etc.) will she hit the maximum? a. 2nd b. 37th c. 38th d. 39th e. None of the above 9. How much will be the final deduction for CPP on that paycheque? a. 0 b. $45.31 c. $73.07 d. 76.50 e. None of the above 10. A 17 year old student works at a local grocery store earning $15.00 per hour, and works 30 hours per bi-weekly pay period. The amount of the EI premium to be deducted from her cheque should be: a. 0 b. 7.29 c. 16.08 d. None of the above. 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. Lucky Johnson received the following gifts/awards during the year from his employer: (all applicable items include sales taxes in the amount) i. Jacket 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. $100 cash, as a Christmas present The cheque and cash amounts will both be taxable, but the other items will not be taxable. a. True b. False 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 biweekly 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 provides all employees with a gym membership (valued at $100/month) and provides 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. 3619.17 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

Short-answer calculation question (6 marks) Betty is paid $2940 bi-weekly, based on a 35 hour work week. She is also paid a car allowance of $150.00 per pay-period to cover her travel to and from work. During this past pay-period, Betty worked overtime totalling 13 hours and she is paid time and one-half on all overtime hours. She also earned commissions of $500 this pay-period. She received a non-taxable meal allowance of $15/day for 2 days. The employer provides (and pays for) a company group term life insurance plan Bettys monthly premiums are $80.00. Betty also receives a taxable clothing allowance of $150 per month. Finally, Betty also belongs to the company registered pension plan and contributes a flat $600 per pay-period, as well as paying union dues of $45 per pay-period. Her federal claim code is 1 and her provincial claim code is 2. Calculate Bettys net pay using the calculator method to determine CPP and EI deductions not the tables. For income tax amounts, find and use the correct tables from D2L. (Note: no part marks on this question. Your final answer must be within $0.05 to earn marks.) Questions 19, 20 and 21 refer to the following information: An employee has been provided with a company vehicle. His total automobile benefit for 2019 was $6300, and he had the vehicle for 9 months. Assuming that the reduced standby rate was not available, but the optional (reduced) operating benefit was available and used in calculating the total benefit: 19. The standby benefit mustve been $4200. a. True b. False 20. His estimated automobile benefit for 2020, on a monthly basis, would be $700.00. a. True b. False c. Not enough information is provided to answer 21. Bonus: the monthly lease cost, including tax, during 2019, was $700. a. True b. False c. Not enough information is provided to answer