1) Damien Charles works for Pharmacie Bell in Quebec. The following information are available about Damien's...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2023/03/641423b7e123a_463641423b7bb7c8.jpg)
![image](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2023/03/641423b921429_465641423b9060d8.jpg)
![image](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2023/03/641423ba338b1_466641423ba1850e.jpg)
Transcribed Image Text:
1) Damien Charles works for Pharmacie Bell in Quebec. The following information are available about Damien's earnings and deductions for the 2022 taxation year: Regular earnings Bonus Employer-paid medical/dental benefits Employer-provided automobile non-cash taxable benefit Employer-paid group term life insurance non-cash taxable benefit TOTALS Employer contribution to employees RRSP Employee contributions to the employer's registered pension plan (plan #1234560) PA Amount QPP contributions QPP Pensionable earnings El premiums El Insurable earnings QPIP Premiums QPIP insurable earnings Federal income tax deducted Provincial income tax deducted $ 49,000.00 $ 10,000.00 $2,500.00 $4,200.00 1,538.21 $ 1,228.00 $ 2,500.00 5,150.00 $3,776.10 64,900.00 $ 708.00 59,000.00 291.46 59,000.00 $14,896.50 $ 15,230.00 2 Complete all applicable boxes in the T4 and RL-1 of Damien. Pharmacie Bell Other Information 178 words English (US) Text Predictions: On 10 2022 14 16 17 18 20 52 55 22 24 26 44 46 50 56 T4 Fo 1 Hea Pharmacie Bell A G M S Year B H N T 2022 C I O U D J P V E K Q W F L R RL-1 Code (Case O) 1) Damien Charles works for Pharmacie Bell in Quebec. The following information are available about Damien's earnings and deductions for the 2022 taxation year: Regular earnings Bonus Employer-paid medical/dental benefits Employer-provided automobile non-cash taxable benefit Employer-paid group term life insurance non-cash taxable benefit TOTALS Employer contribution to employees RRSP Employee contributions to the employer's registered pension plan (plan #1234560) PA Amount QPP contributions QPP Pensionable earnings El premiums El Insurable earnings QPIP Premiums QPIP insurable earnings Federal income tax deducted Provincial income tax deducted $ 49,000.00 $ 10,000.00 $2,500.00 $4,200.00 1,538.21 $ 1,228.00 $ 2,500.00 5,150.00 $3,776.10 64,900.00 $ 708.00 59,000.00 291.46 59,000.00 $14,896.50 $ 15,230.00 2 Complete all applicable boxes in the T4 and RL-1 of Damien. Pharmacie Bell Other Information 178 words English (US) Text Predictions: On 10 2022 14 16 17 18 20 52 55 22 24 26 44 46 50 56 T4 Fo 1 Hea Pharmacie Bell A G M S Year B H N T 2022 C I O U D J P V E K Q W F L R RL-1 Code (Case O)
Expert Answer:
Answer rating: 100% (QA)
Step 1 To calculate Damiens net income for the 2022 taxation year we need to first calculate his t... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
Carol Harris, Ph.D, CPA, is a single taxpayer and she lives at 674 Yankee Street, Durham, NC 27409. Her Social Security number is 793-52-4335. Carol is an Associate Professor of Accounting at a local...
-
Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices-one in Chicago and one in Minneapolis. The firm classifies...
-
A steam power plant operates with a boiler output of 20 kg/s steam at 2 MPa, 600C. The condenser operates at 50 C dumping energy to a river that has an average temperature of 20 C. There is one open...
-
Color affects us in many ways. For example, Exercise C.51 on page 452 describes an experiment showing that the color red appears to enhance mens attraction to women. Previous studies have also shown...
-
Jimenez's Electrical Repair has decided to price its work on a time and materials basis. It estimates the following costs for the year related to labor. Technician wages and benefits \($100,000\)...
-
Old Camp Company manufactures awnings for its own line of tents. The company is currently operating at capacity and has received an offer from one of its suppliers to make the 10,000 awnings it needs...
-
A linear function is given. f(x)=5x-6 (a) Sketch the graph. No Solution Help 10 9 8 7 6 5 4 3 2 1 -10 -9 -8 -7 -6 -5 -4 -9-8-7 -2 -1 2 -1 -2 -3 4 -7 5578 -5 -6 (b) Find the slope of the graph. -8 -9...
-
Joey Moss, a recent finance graduate, has just begun his job with the investment firm of Covili and Wyatt. Paul Covili, one of the firm's founders, has been talking to Joey about the firm's...
-
When there is an allegation of a labour relations violation committed by an employer, the main jurisdictional question that must be asked is: O a. the age of the employee. Ob. how much money does the...
-
You wish to evaluate procedural controls in your audit of the EDP department. Which of the following is not procedural in nature? a. Batch controls. b. Parity checks. c. Self-checking numbers. d....
-
When does an employer typically pay premiums for workers compensation insurance?
-
What problems to be aware of when accessing social media sites?
-
How trials may be affected by social media sites?
-
Data control activities in a computer department would appropriately include: a. Reviewing error listings and maintaining error logs and reports. b. Investigating deviations from standard procedures...
-
. Prepare a bank reconciliation at July 31. (List items that increase balance as per bank & books first.) JASON'S LOGISTICS COMPANY Bank Reconciliation V V V V : V V V $ V V : V V $. Journalize ...
-
Read the Forecasting Supply Chain Demand Starbucks Corporation case in your text Operations and Supply Chain Management on pages 484-485, then address the four questions associated with the...
-
Teresa is a civil engineer who uses her automobile for business. Teresa drove her automobile a total of 21,732 miles during 2012, of which 95 percent was business mileage. The actual cost of...
-
In 2012, Gale and Cathy Alexander hosted an exchange student, Axel Muller, for 9 months. Axel was part of International Student Exchange Programs (a qualified organization). Axel attended tenth grade...
-
Cypress Corporation has regular taxable income of $170,000 (assume annual gross receipts are greater than $5 million) and regular tax liability of $49,550 for 2012. The corporation also has tax...
-
Assume that United Technologies Corporation is evaluating a proposal to change the companys manual design system to a computer-aided design (CAD) system. The proposed system is expected to save...
-
In 2008 the City of Chicago agreed to lease 35,000 parking meters to a Morgan Stanley-led partnership Morgan Stanley for a one-time sum of \($1.15\) billion. The lease has been criticized as an...
-
Pure White Automatic Laundry must either have a complete overhaul of its current dry-cleaning system or purchase a new one. Its cost of capital is 18 percent. Pure Whites accountant has developed the...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App