1. Prepare a T4 for the following employee: 10 marks

Laura Cornell totals for taxation year	2021
Regular Earnings	$75,000.00
Vacation Pay	$800.00
Employer-paid group term life non-cash taxable benefit	$450.00
Union dues paid	$ 300.00
CPP contribution	max
EI premium	max
Income Tax	4,685.20
EI insurable earning	max
CPP Pensionable Earnings	max
RPP contributions employee paid	$ 600.00
RPP contributions employer paid	$ 600.00

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BOX 22
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BOX 26
BOX 20
Box 52
Box 44
Box 46
Box 50
Code 40
Code 34