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Gpti earningstaxable allowancenon cash taxable

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GPTI (earnings+taxable allowance+non-cash taxable allowance+cash taxable benefit)(3200+260+32)=3492Net taxable incomeGPTI- deductions =net taxable income3492 (30+72)=3390$3,130.00$3,358.00$3,390.00$3,450.0022The TD1 form is used by the employer to determine an employee's:tax creditsSocial Insurance Numberaddressdate of birth
23Jayden lives in Alberta and earns $1,400.00 bi-weekly. She also receives a non-cash taxable benefitof $5.00 per pay period and uses a federal claim code 1 and a provincial claim code 1 on her TD1s.DetermineJayden's total income tax deduction.Taxable income=1405Federal=179.8Provincial=86.95Total income tax deduction(179.8+86.95)=266.7524Which of the following are deducted from gross pensionable/taxable income to determine net taxableincome?Registered Retirement Savings Plan contributionsSeverance paymentsCharitable donationsHealth care premiums25The methods for calculating federal income taxes and remittance schedules are defined in the:Employment Insurance ActIncome Tax RegulationsEmployment Standards ActIncome Tax Act26An employee who works from home in Ontario and is paid from theemployer's office located inManitoba, relocates to Alberta on December 30, 2021. Which provincial income tax withholding will thisemployee be subject to?27When an employee completes a federal and provincial TD1 form, the employer will use the total taxcredits claimed to establish the employee's:claim codefederal income tax
provincial income taxall of the above28Karla works in Alberta for a local restaurant.Her weekly salary is$631.83, and she uses a federalclaimcode 2 and a provincial claim code 2 on her TD1s. Karla also pays 3% of her weekly salarytowards her group Registered Retirement Savings Plan and receives a non-cash taxable benefitof $4.75 per pay period. Annual maximums for CPP and EI will not be reached in this pay.CalculateKarla's net pay.Step 1:Gross earning: 631.83+0+4.75+0= 636.58Step 2: 4.75Step 3: cppGPTI= 636.58Cpp: find out exemption3500/52=67.30GPTi-exemption =636.58-67.30=569.28*5.45% =31.03(CPP)Step 4:EI631.83+0+0=631.83 *1.58% =9.98 (EI)(ER 9.98*1.40)Step 6: net taxable income=617.63GPTI-deduction= 636.58-(3% *631.83)=617.6318.95 (RRSP ded)Based on Net taxable income 617.63 (table weekly claim code 2)Federal income tax:68.90Provincial income tax :33.0Total deduction from employees pay : (cpp+EI+federa tax+provincial tax+rrsp)631.83-(31.03+9.98+68.90+33+18.95)29The Worksheet for the Personal Tax Credits Return – TD1-WS is used to calculate partial claimamounts on the TD1 for:
pension incometuition feesagechild amount30Latisha lives in Alberta and earns$1,500.00bi-weekly. She also receives a non-cash taxable benefitof$15.00per pay period and uses a federal claim code 1 and a provincial claim code 1 on her TD1s.Determine Latisha's total income tax deduction.Taxable income=1515Federal=203.65Provincial=98.25Total income tax:31What is an employee required to provide their employer within order to have income tax withholdingsreduced at source?

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Term
Fall
Professor
professor_unknown
Tags
Working time, non union employee

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