1.

For the payroll below, please choose the best answer for this year: (rounded to the nearest dollar)

Salary for the entire year	$48,000
Union Dues Dedcution for the entire year	$1,200
Federal Claim Code is	2
Ontario Claim Code is	3

		For each or one paycheque, 1. The Federal Income Tax will be $178 2. The Ontario Income Tax will be:$83
		For each or one paycheque, 1. The Federal Income Tax will be $171 2. The Ontario Income Tax will be:$79
		For each or one paycheque, 1. The Federal Income Tax will be $161 2. The Ontario Income Tax will be:$83
		For each or one paycheque, 1. The Federal Income Tax will be $171 2. The Ontario Income Tax will be:$83

2.

ABC Company started their business on January 1, 2021. ABC Company had two employees in the year 2020: Jane and Larry. The payroll is run semi-monthly.

Larry estimates that his 2021 net income will be $10,000 for TD-1 purposes.

Assume Jane and Larry work the entire period from January 1 to December 31, 2021 or 12 month.

The following payroll data was provided for Jane and Larry:

	Jane(80 yrs. old)	Larry(75 yrs. Old and Disabled)
Annual Salary	$24,000	$48,000
Income tax Deducted for the entire year:	$2,000	$10,000
Spouse		60 years old Estimated Net Income: $50,000
	No Children	No Children
Tuition	none	$2,000, Seneca Part Time 4 months.
Private Pension Income from Sun Life Assurance.	none	Estimated, $5,000 per year (Pension Income)
Registered Pension Plan (RPP) Deduction	$1,000 per year	$5,000 per year

With regards the this year's Company's T4 SUMMARY for all employees, the following choice is the most accurate/correct? (to the nearest rounded dollar)

		Box 18 is $0 Box 88 is 2 Box 22 is $12,000 Box 14 is $$72,000
		Box 18 is $1,138 Box 88 is 2 Box 22 is $12,000 Box 27 is $2,898
		Box 18 is $1,138 Box 88 is 2 Box 22 is $12,000 Box 27 is $0
		Box 18 is $1,138 Box 88 is 1 Box 22 is $12,000 Box 27 is $0

3.

Techy Company started their business on July 1, this year. Techy Company had two employees in this year: Sarah and Bobby. The payroll is run semi-monthly.

Bobby estimates that his net income. this year, will be $10,000 for TD-1 purposes.

Assume Sarah and Bobby work the entire period from July 1 to December 31, this year, or 6 month.

The following payroll data was provided for Sarah and Bobby:

	Sarah(80 yrs. old)	Bobby(75 yrs. Old and Disabled)
Annual Salary	$24,000	$48,000
Claim Codes	TOTAL Income tax calculated for each paycheque is $200 per paycheque. (assumed and given; no need to calaculte income tax.	To determine
Spouse		60 years old Estimated Net Income: $50,000
	No Children	No Children
Tuition	none	$2,000, Seneca Part Time 4 months.
Private Pension Income from Sun Life Assurance.	none	Estimated, $5,000 per year (Pension Income)
Registered Pension Plan (RPP) Deduction	$50 per pay	$50 per pay

Sarah's net paycheque for each pay this year is? Rounded to the nearest Dollar amount.