Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Groupe Armentieres is preparing the 2023 year-end information slips for their employees. Joanne had worked for the company in their Montreal, Quebec office from October

Groupe Armentieres is preparing the 2023 year-end information slips for their employees. Joanne had worked for the company in their Montreal, Quebec office from October 1987 until her employment was terminated in November, 2023. Upon termination of employment, Joanne received a retiring allowance of $ 56,000.00, which was paid to her at her request.

Calculated the federal and Quebec income taxes withheld on the retiring allowance, and include them, as required, when completing Joannes RL-1 slip. The income taxes shown in the table do not include the taxes withheld on the retiring allowance

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

Item Amount
Regular earnings $96,500.00
Bonus pay $18,000.00
Retiring Allowance $56,00.000
Wages in Lieu of Notice $11,950.00
Vacation Pay $7,036.00
QPP Contributions $4,038.40
EI Premiums $781.05
QPIP Premiums $449.54
Federal Income tax $20,893.71
Quebec Income tax $27,858.28
EI Insurable Earning $61,500.00
QPIP Pensionable Earnings $91,000.00
QPP Pensionable Earnings $66,600.00
Accidental death and dismemberment non-cash taxable benefit $138.75
Charitable donations $575.00
Automobile non-cash taxable benefit $3036.81
Group term life insurance non-cash taxable benefit $1090.00
Private health insurance non-cash taxable $1,539.85

Step 1 -

Complete Box A.

Step 2 -

Complete Box B

Step 3 -

Complete Box C.

Step 4 -

Complete Box E.

Step 5 -

Complete Box G.

. Step 6 -

Complete Box H.

Step 7 -

Complete Box I.

Step 8 -

Complete Box J.

. Step 9 -

Complete Box L.

Step 10 -

Complete Box N.

Step 11 -

Complete Box 0.

Step 12 -

Complete Box W

Step 13 -

Enter the required code for the code (case O) box

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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions