Question
Question 15 options: Patricia Wong, a newspaper reporter, turned 61 on Feb. 14, 2017. She is paid monthly. Patricia has completed both TD1 forms showing
Question 15 options:
Patricia Wong, a newspaper reporter, turned 61 on Feb. 14, 2017. She is paid monthly. Patricia has completed both TD1 forms showing a total exemption amount of $9,876.43 on her TD1MB and $12,756.42 on her TD1 Federal. Year-to-date (to the end of June 2017) Patricia has paid $267.45 in CPP and $289.50 in EI. Patricia has not completed a CPT30 form.
PART A: For the month of July 2017 she earned $2,400.00 and also has a taxable life insurance monthly benefit in the amount of $20.00
1. Calculate and record the Gross Earnings
2. Calculate and record the Federal Claim Code
3. Calculate and record the Manitoba Claim Code
4. Calculate and record the Employees CPP deduction
5. Calculate and record the Employers CPP deduction
6. Calculate and record the Employees EI deduction
7. Calculate and record the Employers EI deduction
8. Calculate and record the Federal Tax deduction
9. Calculate and record the Provincial Tax deduction
PART B: For the month of August 2017 she earned $1,100 in salary. Patricia has her monthly taxable life insurance benefit in the amount of $20.00
1. Calculate and record the Gross Earnings
2. Calculate and record the Federal Claim Code
3. Calculate and record the Manitoba Claim Code
4. Calculate and record the Employees CPP deduction
5. Calculate and record the Employers CPP deduction
6. Calculate and record the Employees EI deduction
7. Calculate and record the Employers EI deduction
8. Calculate and record the Federal Tax deduction
9. Calculate and record the Provincial Tax deduction
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