Ontario Mortgage Agent Practice Exam

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Study for the Ontario Mortgage Agent Exam. Prepare with flashcards and multiple choice questions, each question includes hints and explanations. Get ready for your test!

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What should appear in Box 18 on a T4 slip?

  1. A) Employee's Social Security Number

  2. B) Employee's vacation days taken

  3. C) Employee's EI premiums

  4. D) Employee's overtime earnings

The correct answer is: C) Employee's EI premiums

The correct answer is C. Box 18 on a T4 slip is for reporting the employee's employment insurance (EI) premiums. This is the amount that was deducted from the employee's pay for the year. Options A, B, and D are incorrect because they do not accurately reflect what should be reported in Box 18. Option A is incorrect because an employee's Social Security Number should be reported in Box 16. Option B is incorrect because vacation days taken are not relevant to Box 18 on a T4 slip. Option D is incorrect because overtime earnings should be reported in Box 14, not Box 18.

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