Year End

In this question you will need to complete the boxes for a T4 for Martha a Majiic employee, using the following information.Enter your answers in the grid provided below the copy of the T4.This would be her 2020 T4.

1.Gross earnings = $63500.00

2.Her taxable benefit for Group term life insurance was $81.50

3.Her taxable benefit for AD&D was $16.25

4.Her employer paid Health and Dental was $440.00

5.Her total Federal and Provincial Taxes were $8825.33

6.Her union dues were $104.00

7.You will need to calculate her CPP and EI deductions.

Description

Answer

Mark

Company

/1

Year

/1

Box 10 Province of Employment

/1

Box 14 Employment Income

/1

Box 16 Employee's CPP contributions

/1

Box 18 Employee's EI premiums

/1

Box 22 Income Tax deducted

/1

Box 24 EI insurable earnings

/1

Box 26 CPP/QPP pensionable earnings

/1

Other Information-Code/Box #44

/2

Other Information-Code/Box #40

/2

Total Marks

/13