Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Groupe Alimentaires is preparing the 2018 year-end information slips for their employees. Claire had worked for the company in their Montreal, Qubec office from October

Groupe Alimentaires is preparing the 2018 year-end information slips for their employees. Claire had worked for the company in their Montreal, Qubec office from October 1987 until her employment was terminated in November, 2018. Upon termination of employment, Claire received a retiring allowance of $56,000.00, which was paid to her at her request. Calculate the federal and Qubec income taxes withheld on the retiring allowance, and include them, as required, when completing Claire's RL-1 slip. The income taxes shown in the table do not include the taxes withheld on the retiring allowance.

Complete the boxes on Claire's RL-1 slip based on the information provided

Regular earnings $80,000.00

Bonus pay $17,000.00

Retiring Allowance $56,000.00

Wages in lieu of notice $12,950.00

Vacation pay $6,286.00

QPP contributions $$2,829.60

EI premiums $$672.10

QPIP premiums $$405.52

Federal income tax $18,359.84

Quebec income tax $24,479.78

EI insurable earnings $51,700.00

QPIP insurable earnings $$74,000.00

QPP pensionable earnings $$55,900.00

Accidental death and dismemberment non-cash taxable benefit $168.75

Charitable donations $775.00

Automobile non-cash taxable benefit $3,036.81

Group term life insurance non-cash taxable benefit $1,217.50

Private health insurance non-cash taxable benefit $1,739.85

Boxes needed (Box A B C E G H I J L M N O and code O)

Subject is (Payroll Fundamentals 2) chapter 6

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Sector Accounting And Budgeting For Non-Specialists

Authors: G. Jan Van Helden, Ron Hodges

1st Edition

1137376988, 9781137376985

More Books

Students also viewed these Accounting questions

Question

c. What are the job responsibilities?

Answered: 1 week ago

Question

What is involved in the administration of a labor agreement?

Answered: 1 week ago

Question

What are topics included in virtually all labor agreements?

Answered: 1 week ago