Failure to file T4 slips and T4 summary when due can result in penalties assessed up to 11 Mimple Choice 1 points $75000 $5500 o $1000000 $7500 52000 The main difference between the T4 slip and the T4 summary is: 12 Multiple Choice 1 points The Ta is for one calendar year only mtead of a summary of all years employed The Tip includes information for one employee only instead of a summary for the whole company The Ta sumay includes information for anyone employee newed of the whole compery The Tap hos a summary of at the employees in the company nohood of just one encloyee The T4 summary is for one calendar year only instead of a summary of all your employed If on annual filing of workers' compensation premiums it is determined that the amount paid is more than the amount owed 13 Multiple Choice The orice will be noted to the account A rebate will be tested and sent to the employer within 30-60 days Achew to me guste 10 accompany form No action is reed d Achegue for the court can be with 300 today Penalties for late ting of the Ontariatore may be up to 14 of the tax wepeaters Me Choice Sarved Help Save Payroll exemptions and tax rates must be updated with each new year 15 True False 1 Dont True False