Question
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 Joanne'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 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-
CompleteBox A. Regular earnings $96,500.00 + Bonus pay $18,000.00 + Vacation Pay $7,036.00 =$121,536.00
Step 2-
CompleteBox B
To complete Box B, QPP Contributions $4,038.40
Step 3-
CompleteBox C. EI Premiums $781.05
Step 4-
CompleteBox E.
To complete Box E,Quebec Income tax $27,858.28
Step 5-
CompleteBox G.
To complete Box G, QPP Pensionable Earnings$66,600.00
. Step 6-
CompleteBox H.
To complete Box H,QPIP Premiums $449.54
Step 7-
CompleteBox I.
To complete Box I,QPIP Pensionable $91,000.00
Step 8-
CompleteBox J.
To complete Box J,Private health insurance $1,539.85
. Step 9-
CompleteBox L.
To complete Box L,Automobile non-cash taxable benefit $3036.81+Group term life insurance non-cash taxable $1090.00 + Accidental death and dismemberment non-cash$138.75 =4,265.36
Step 10-
CompleteBox N.
To complete Box NCharitable donations =$575.00
Step 11-
CompleteBox 0.
To complete Box 0,Wages in Lieu of Notice $11,950.00 + Retiring Allowance $56,000.00 = $67,950.00
Step 12-
CompleteBox W
To complete Box W,Automobile non-cash taxable benefit =$3036.81
Step 13-
Enter the required code for the code (case O) box
RJ
can you help me out if i did thr RL-1 SLIP RIGHT.
Step by Step Solution
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Step: 1
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