Question

Which of the following is excluded from the calculation of an​ employee's net employment​ income? Question...

Which of the following is excluded from the calculation of an​ employee's net employment​ income?

Question 7 options:

a monthly allowance of​ $200 provided to an employee for incidental costs

an​ employer's contribution to a Registered Pension Plan

standby charge for the​ employee's use of the company car

an​ employer's contribution to public health care premiums
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Answer #1

Answer: Option ii

an​ employer's contribution to a Registered Pension Plan

Explanation:

following are included from the calculation of an​employee's net employment​ income

  • a monthly allowance of​ $200 provided to an employee for incidental costs
  • standby charge for the​ employee's use of the company car
  • an​ employer's contribution to public health care premiums

But,

an​ employer's contribution to a Registered Pension Plan excluded from the calculation of an​employee's net employment​ income

Therefore, Option ii is correct.

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