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 dropbox;

a) Complete the monthly earnings record for the year.

b) Populate the T4.