Ontario Mortgage Agent Practice Exam

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.