Question

Question:

Ophelia works in Quebec and her 2019 payroll totals are regular earnings of $78,800.00, regular commission payments of $41,900.00, employer-provided automobile taxable benefit of $6,818.00, employer-paid medical and dental benefits of $812.00, and employee contributions to a Registered Retirement Savings Plan of $2,980.00. Calculate the total to be recorded in Box 14 of Ophelia's T4 information slip.

Answer 1

Answer :-

The given values are =Regular earnings of $78,800, Regular commission payments of $41,900,  Employer-provided automobile taxable benefit of $6,818, Employer-paid medical and dental benefits of $812, Employee contributions to a Registered Retirement Savings Plan of $2,980.

Calculation of the total to be recorded in Box 14 of Ophelia's T4 information slip:-

	Amount
Regular earnings=	$78,800
ADD : Regular commission payments=	$41,900
ADD : Automobile taxable benefit =	$6,818
ADD : Medical and dental benefits=	$812
Total to be recorded in Box 14 of Ophelia's T4 information slip=	$128,330

Total to be recorded in Box 14 of Ophelia's T4 information slip = $128,330.

Note :- The employee contributions to a Registered Retirement Savings Plan of $2,980 do not include in Box14 , But only reported on same T4 information slip.