Question
Prepare the T4s for (2) two Employees Year to Date totals for taxation year 2020 Linda Lacey Jack Johnson Regular Earnings $45,000.00 $85,000 Vacation Pay
- Prepare the T4s for (2) two Employees
Year to Date totals for taxation year 2020 | Linda Lacey | Jack Johnson |
Regular Earnings | $45,000.00 | $85,000 |
Vacation Pay | $800.00 | 0.00 |
Employer-paid group term life non-cash taxable benefit | $150.00 | $250.00 |
Charitable donation | $ 100.00 | 0.00 |
RPP employee contribution | $50 | $200 |
Car allowance | $150.00 | 0 |
Bonus | $500.00 | $2300.00 |
RPP employer contribution | $50 | $200 |
Union dues | $30 | $40 |
CPP contribution | $700.00 | maximum |
EI premium | $556.36 | maximum |
Income Tax | $5,685.20 | $7,200.00 |
EI insurable earning | $30,800.00 | maximum |
CPP Pensionable Earnings | $30,950.00 | maximum |
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Code 40 |
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Code 34 |
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BOX 18 |
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BOX 22 |
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BOX 24 |
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BOX 26 |
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BOX 20 |
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Box 52 |
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Box 44 |
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Box 46 |
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Box 50 |
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Code 40 |
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Code 34 |
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- What are Non-Statutory Deductions? Give 2 examples.
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