Reference no: EM132937930

Problem 1: Which of the following would not be included in gross pensionable/taxable income?

Option 1: Mina bought stamps for work worth $20.00 and was later reimbursed by her employer

Option 2: Sean receives a car allowance of $100.00 every pay

Option 3: ABC Co. provides John with a $10.00 non-cash taxable benefit every month

Option 4: Rita receives $500.00 wages every week

Problem 2: Canada Pension Plan yearly basic exemption should be calculated when:

Option 1: an employee dies

Option 2: an employee is paid commission only on an irregular basis

Option 3: an employee turns 18

Option 4: an employee turns 70

Problem 3: Which of the following is included in gross pensionable/taxable income?

Option 1: Retiring allowances

Option 2: Pension benefits

Option 3: Taxable benefits

Option 4: Insurance benefit payments