What steps must an employer follow in sequential form to calculate an employee's income tax deduction: a. First calculate CPP & E.I b. First complete the TD1 form then calculate CPP & E.I C. First establish the 'claims code' using TD1 then use the tax tables d. Complete the tax credits form then go straight to tax tables

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter8: Employer Taxes, Payments, And Reports
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What steps must an employer follow in sequential form to calculate an employee's income tax
deduction:
a.
First calculate CPP & E.I
b.
First complete the TD1 form then calculate CPP & E.I
C.
First establish the 'claims code' using TD1 then use the tax tables
d.
Complete the tax credits form then go straight to tax tables
Transcribed Image Text:What steps must an employer follow in sequential form to calculate an employee's income tax deduction: a. First calculate CPP & E.I b. First complete the TD1 form then calculate CPP & E.I C. First establish the 'claims code' using TD1 then use the tax tables d. Complete the tax credits form then go straight to tax tables
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