Shumaila was an employee in Alberta whose employment was terminated during the current year. Using the information from the payroll register, which includes the payments provided upon termination, complete the $2024$ T$4$ slip.

Shumaila was covered under the employer$$s supplemental health plan which included dental insurance. The plan provides dental benefits for the employee and their spouse.

An image of the T$4$ slip has been provided as a guide. Please enter the required response for each step listed to the right.

Item Amount

Regular salary $$88,400\mathrm{.}00$

Taxable car allowance $$2,250\mathrm{.}00$

Commission $$10,475\mathrm{.}00$

Vacation pay $$5,304\mathrm{.}00$

Wages in lieu of notice $$6,800\mathrm{.}00$

Non$-$eligible retiring allowance $$16,479\mathrm{.}00$

Taxable benefit group term life insurance $$678\mathrm{.}91$

Taxable benefit AD&D insurance $$$$127\mathrm{.}30$

CPP contributions $$3,867\mathrm{.}50$

Second CPP contribution $$188\mathrm{.}00$

EI premiums $$1,049\mathrm{.}12$

Income tax $$33,452\mathrm{.}50$

Pensionable earnings $$73,200\mathrm{.}00$

Insurable earnings $$63,200\mathrm{.}00$

Employer$-$offered dental benefits code $4$

Answer rating: 100% (QA)

To complete Shumailas T4 slip for 2024 1 Regular s... View the full answer