In this question you will need to complete the boxes for a T4 for Marijke using some of the following information. Enter your answers in
In this question you will need to complete the boxes for a T4 for Marijke using some of the following information. Enter your answers in the grid provided below the copy of the T4. This would be her 2019 T4.
⦁ Gross earnings = $50700.00
⦁ Her taxable benefit for Group term life insurance was $81.50
⦁ Her taxable benefit for AD&D was $16.25
⦁ Her employer paid Health and Dental was $440.00
⦁ Her total Federal and Provincial Taxes were $8825.33
⦁ Her donations to a charity were $104.00
⦁ You will need to calculate her CPP and EI deductions using 2019 rates. The 2019 rate for CPP is 5.1% and EI is 1.62%.
Description
Company
Year
Box 10 Province of Employment
Box 14 Employment Income
Box 16 Employee’s CPP contributions
Box 18 Employee’s EI premiums
Box 22 Income Tax deducted
Box 24 EI insurable earnings
Box 26 CPP/QPP pensionable earnings
Box 46 Charitable Donations
Other Information Code 40 Other Taxable Allowances and Benefits
Total Marks
Part D
WSIB – In the boxes provided please include the frequency of the WSIB payment and the date it would be due.
Assessable Earnings Frequency of Payment Due Date Mark
$65,400.00
$551,500.00
$103,600.00
$1,395,200.00
$2654.00
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