An example of a taxable benefit would be: O a. A paid gym membership. Ob. Use...

 

 

 

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An example of a taxable benefit would be: O a. A paid gym membership. Ob. Use of a company car while working. c. An ergonomic chair provided for the employee to use at the office. O d. Tuition paid for a WordPress course required for work. O e. Airline tickets to travel to an office event. Clear my choice Cell phone service paid for by the employer for the employee's personal use is: O a. Not taxable but subject to CPP deductions O b. Taxable with CPP and El deductions Not taxable O d. Taxable with CPP deductions but not El O e. Taxable with El deductions but not CPP Here is a sample Payroll Register for a weekly payroll of an Ontario company: Week of Jan 31 Hours Earnings Employee Rate Reg OT Reg Question 27 Not yet answered OT Vac Pay Gross СРР El Fed Tax Prov Tax Net Marked out of A. Boss $40.00 37.50 $1,500.00 $ - $90.00 $1,590.00 $75.37 $29.89 $286.20 $190,80 $1,007.74 1.00 C. Doer $15.00 20 0 $300.00 $- $18.00 $318.00 $12.41 $5.98 $31.80 $159.00 $108.81 P Flag question E Fickle $12.5037.58.5 $468.75 $159.38 $37.69 $665.81 $29.63 $12.52 $119.85 $79.90 $423,91 G. Host $18.0037.54 $675.00 $108.00 $46.98 $829.98 $37.75 $15.60 $149.40 $99.60 $527.63 I. Jules $19.2537.50 $721.88 $- $43.31 $765.19 $34.55 $14.39 $137.73 $91.82 $486.70 K. Landing $25.005 0 $125.00 $- $7.50 $132.50 $3.23 $2.49 S- $126.78 Total 175 12.5 $3,790.63 $267.38 $243.48 $4301.48 $192.94 $80.87 $724.98 $621.12 $2681.57 Use the information in this table to answer the following question. How much will the company owe for the employer portion of Employment Insurance premiums for this pay cycle? O a $385.88 Ob. $80.87 •c $113.22 Od. $194.09 O e $192.94 Clear my choice An example of a taxable benefit would be: O a. A paid gym membership. Ob. Use of a company car while working. c. An ergonomic chair provided for the employee to use at the office. O d. Tuition paid for a WordPress course required for work. O e. Airline tickets to travel to an office event. Clear my choice Cell phone service paid for by the employer for the employee's personal use is: O a. Not taxable but subject to CPP deductions O b. Taxable with CPP and El deductions Not taxable O d. Taxable with CPP deductions but not El O e. Taxable with El deductions but not CPP Here is a sample Payroll Register for a weekly payroll of an Ontario company: Week of Jan 31 Hours Earnings Employee Rate Reg OT Reg Question 27 Not yet answered OT Vac Pay Gross СРР El Fed Tax Prov Tax Net Marked out of A. Boss $40.00 37.50 $1,500.00 $ - $90.00 $1,590.00 $75.37 $29.89 $286.20 $190,80 $1,007.74 1.00 C. Doer $15.00 20 0 $300.00 $- $18.00 $318.00 $12.41 $5.98 $31.80 $159.00 $108.81 P Flag question E Fickle $12.5037.58.5 $468.75 $159.38 $37.69 $665.81 $29.63 $12.52 $119.85 $79.90 $423,91 G. Host $18.0037.54 $675.00 $108.00 $46.98 $829.98 $37.75 $15.60 $149.40 $99.60 $527.63 I. Jules $19.2537.50 $721.88 $- $43.31 $765.19 $34.55 $14.39 $137.73 $91.82 $486.70 K. Landing $25.005 0 $125.00 $- $7.50 $132.50 $3.23 $2.49 S- $126.78 Total 175 12.5 $3,790.63 $267.38 $243.48 $4301.48 $192.94 $80.87 $724.98 $621.12 $2681.57 Use the information in this table to answer the following question. How much will the company owe for the employer portion of Employment Insurance premiums for this pay cycle? O a $385.88 Ob. $80.87 •c $113.22 Od. $194.09 O e $192.94 Clear my choice

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