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Note the following payroll information for an employee; Salaried Earnings: $68,040 (per annum, paid monthly) Income Taxes: 22% (blended annual rate) Monthly Garnishment: $75 (loan

Note the following payroll information for an employee; 

Salaried Earnings: $68,040 (per annum, paid monthly)

Income Taxes: 22% (blended annual rate)

Monthly Garnishment: $75 (loan to a third party)

RPP (EE/ER, equal matching): 2% (based on salary)

Monthly Parking: $40 (paid by employee)

Non-Cash Taxable Benefit: $1,800 (per annum, paid by employer)

Required:

Using the excel template/forms attached to the SLATE drobox;

a) Complete the monthly earnings record for the year.

b) Populate the T4.

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