Question
Review the following earnings and deductions and determine where (what box) (or if) they should be reported on the employees T4. Note its possible that
Review the following earnings and deductions and determine where (what box) (or if) they should be reported on the employees T4. Note its possible that some items will be recorded in more than one box.
Payroll Information for Employee #1
Regular earnings $73,000
Vacation Pay $5,000
Group Life Employer paid Taxable benefit $650
Employee RRSP contribution $3900
Coffee Fund contribution deducted from Employees pay $130
Payroll Information for Employee #2
Regular $48,000
Overtime $3000
Parking Employer paid Taxable benefit $600
Employee RPP contribution $3600
Employee Union Dues contribution $300
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