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Calculate the total amount to be entered in box

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Question - Southbank Bearings is preparing its year end information slips. Calculate the total amount to be entered in Box 14, Employment Income, for James Chung who has yearend information as follows:

Regular earnings - $62,000.00.

Vacation Pay - $4,800.00.

Employee contributions to a Registered Retirement Savings Plan - $1,500.00.

Taxable Car Allowance - $3,000.00.

Retiring allowance - $15,000.

Reference no: EM133183921

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