Question: Prepare the annual T 4 summary for 2 0 2 3 . The amount of remittancesfor the year = $ 2 1 5 , 0

Prepare the annual T4 summary for 2023. The amount of remittancesfor the year = $215,000(Use the fill able PDF posted with theassignment), you will need to create a Salary Payroll Register first tosummarize the salaries. Watch for employees that max out ontheir CPP and EI contributions. Use claim code 1, and Ontario Taxtables2. Prepare the annual T4s for Employees 450 and 454.(Use the fillable PDF posted with the assignment)3. Prepare a Record of Employment for Employee 458, they arebeing laid off for shortage of work, return date is unknown. (Use thePDF posted with assignment or create your own excel version). Usea standard 40-hour week.4. Create an internal company checklist to be used when an employeeis ending employment with the company.5. Calculate the amount of EHT that is due based on Total 2023salaries. Remember the exemption. No formal reconciliationrequired, simply calculate the amount due.6. Prepare the journal entries to record the payroll expense in thegeneral ledger for the company for the period ended January 8th, andJanuary 22nd,2023. No vacations pay to accrue or pay out.7. Prepare the journal entries to record the employers portion of payrollexpenses for CPP, EI and WSIB in the general ledger for thecompany for the period ended January 8th, and January 22nd,2023.The WSIB Rate is 1.95.8. Prepare the journal entry to pay the source deductions (CPP, EI, andFederal & Provincial Income taxes) from January 2023 payroll thatare due February 15th,2023.

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