$20-$D$$Aoust Construction, a Qu$$bec employer, is terminating the employment of Suzette Emard, who has completed nine years of service with the organization. Qu$$bec employment standards require that Suzette be given termination notice of four weeks. D$$Aoust has decided to pay the notice period rather than having Suzette work the four weeks. Suzette is paid $$1,150\mathrm{.}00$ on a weekly basis. Calculate: wages in lieu of notice, QPP contribution, EI premiums and QPIP. QPIP contribution rate is $0\mathrm{.}494\%.$

Answer:

$21-$Sita Maraj was hired in January of $1981,$ and employment was terminated this year. Sita joined the company pension plan in $1983$ and is $100\%$ vested at termination. As per the CRA$$s formula for calculating the eligible portion of the retiring allowance, $$2,000\mathrm{.}00$ for every calendar year prior to $1996$ would result in the following: Calendar years from January $1981$ to December $1995=15.$ Calculate the total eligible portion for retiring allowance.

Answer:

$22-$Kim Chen started with Hospital Food Services, a Nova Scotia employer, on September $6,1988.$ Employment was terminated on January $12$ of the current year, and a $$20,000\mathrm{.}00$ retiring allowance will be paid. The organization does not have a pension plan, a pension fund or a DPSP$.$ The eligible portion of the retiring allowance, based on Kim$$s years of service:

September $1988$ to December $1995=8$ years

September $1988($part year of service$)=1$ year.

Calculate the total amount of eligible and non$-$eligible retiring allowance.

Answer:

$23-$Kim has decided to transfer $$15,000\mathrm{.}00$ of the retiring allowance to an RRSP and be paid the remaining $$5,000\mathrm{.}00.$ The employer will calculate the income tax withholdings on the payment made using the lump$-$sum tax rate of $10\%.$ Calculate the net taxable income as well net pay because of this transfer.

Answer: