Question $6(5$ points$)$

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Match the correct explanations

Levied on employees by the federal and provincial governments

A payroll cost designed to provide income protection for a limited period of time to employees who are temporarily laid off

An agreement whereby an employer provides benefits to employees after they retire

Taxes levied on sales to customers

This plan provides supplementary disability, retirement, and death benefits to qualifying Canadians

A debt that can reasonably be expected to be paid from current assets

A potential liability that may become an actual liability in the future

A form showing employment income, CPP contributions, El premiums, and income tax deducted for the year, in addition to other voluntary deductions

An obligation in the form of a written promissory note

Payments by employers to retired employees

$1.$ Current liability

$2.$ Notes payable

$3.$ Statement of remuneration paid $($Form T$4)$

$4.$ Sales taxes

$5.$ Contingent liability

$6.$ Federal and provincial income taxes, CPP and El

$7.$ Canadian Pension Plan $($CPP$)$

$8.$ Employment insurance

$9.$ Post retirement benefits

$10.$ Pension plan