Jose Aldo, age 66, earned $38,500 from his part-time job at Canadian United. In addition, he...
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Jose Aldo, age 66, earned $38,500 from his part-time job at Canadian United. In addition, he received $24,100 during the year from CPP & OAS. His wife Marina, age 58 is retired and earned $11,770 from private pension income. In addition, she has been taking part-time courses at a local college and tuition fees of $1,425 were paid. His daughter Tyla, age 32 lives with them due to an infirmity and qualifies for a 'T2201' Disability Certificate. She works at the local market and earned $19,600 during the year. Using a 2021 TD1 & TD1-WS (fillable forms attached determine what Claim Code Jose would fall under for income tax purposes, taking into consideration his dependents. NOTE: Ensure you submit ALL applicable forms. O Calculate the statutory deductions that Jose's employer would withhold from his pay at source, based on a weekly pay cycle. Take into consideration that each pay, his employer also provided a non- cash taxable benefit valued at $95 and deducted $40 for union dues. i) Income Tax = $ ii) CPP = $ iii) EI = $ NOTE: Ensure you demonstrate ALL calculations. O Determine the employers total PD7A remittance liability to the CRA for this employee, based on the information calculated in b) above. Jose Aldo, age 66, earned $38,500 from his part-time job at Canadian United. In addition, he received $24,100 during the year from CPP & OAS. His wife Marina, age 58 is retired and earned $11,770 from private pension income. In addition, she has been taking part-time courses at a local college and tuition fees of $1,425 were paid. His daughter Tyla, age 32 lives with them due to an infirmity and qualifies for a 'T2201' Disability Certificate. She works at the local market and earned $19,600 during the year. Using a 2021 TD1 & TD1-WS (fillable forms attached determine what Claim Code Jose would fall under for income tax purposes, taking into consideration his dependents. NOTE: Ensure you submit ALL applicable forms. O Calculate the statutory deductions that Jose's employer would withhold from his pay at source, based on a weekly pay cycle. Take into consideration that each pay, his employer also provided a non- cash taxable benefit valued at $95 and deducted $40 for union dues. i) Income Tax = $ ii) CPP = $ iii) EI = $ NOTE: Ensure you demonstrate ALL calculations. O Determine the employers total PD7A remittance liability to the CRA for this employee, based on the information calculated in b) above.
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Answer rating: 100% (QA)
Determine Jose Aldos Claim Code statutory deductions and the employers total PD7A remittance liability Claim Code for Jose Aldo Jose is earning employ... 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:
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