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Review the following earnings and deductions and determine where (what box) (or if) they should be reported on the employee's T4. Note it's possible that
- Review the following earnings and deductions and determine where (what box) (or if) they should be reported on the employee's T4. Note it's possible that some items will be recorded in more than one box. Please clearly indicate that if the amount should be recorded on a T4, what specific box (es) would the amount be reported.
- Payroll Information for Employee #1
- Regular earnings $73,000
- Vacation Pay $5,000
- Group Life - Employer paid Taxable benefit $650
- Employee RRSP contribution $3,900
- Coffee Fund contribution deducted from Employee's pay $130
- Payroll Information for Employee #2
- Regular $48,000
- Overtime $3,000
- Parking - Employer paid Taxable benefit $600
- Employee RPP contribution $3,600
- Employee Union Dues contribution $300
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