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Understanding the difference between a cash taxable allowance, a cash taxable benefit and a non-cash taxable...

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Accounting

Understanding the difference between a cash taxable allowance, acash taxable benefit and a non-cash taxable benefit is criticalwhen explaining the calculation of net pay to an employee. In yourown words, explain whether each allowance and benefit is or is notsubject to Canada/Québec Pension Plan (C/QPP) contributions,Employment Insurance (EI) premiums, Québec Parental Insurance Planpremiums and income tax. Provide an example of a cash taxableallowance, a cash taxable benefit and a non-cash taxablebenefit.

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solution A money assessable stipend for the most part a sum that paid by boss to worker for a particular reason As a rule for notwithstanding pay or wages To help the worker for specific costs without knowing the genuine expense A stipend for example    See Answer
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