A form issued for each employee summarizing the earnings record for the calendar year is the
A)rate authorization form.
B)summary payroll report.
C)payroll master file.
D)T4 form.

Question

Quizplus · Accepted Answer

A T4 form is a Canadian tax form issued to employees by their employers, summarizing the employee's earnings record for the calendar year. It includes information about income tax withheld, contributions to the Canada Pension Plan and employment insurance, and other earnings such as vacation pay or tips. Therefore, option D is the correct answer. The other options (A, B, and C) are not related to the earnings record or the issuance of tax forms to employees.

A Form Issued for Each Employee Summarizing the Earnings Record