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Payroll Fundamentals 1Exam

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Total Questions : 73

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Question # 11

Which of the following deductions would be the last payroll withholding in order of priority?

Options:

A.  

Requirement to Pay

B.  

Third Party Demand

C.  

The organization’s pension plan

D.  

Voluntary insurance coverage

Discussion 0
Question # 12

An interruption of earnings occurs when there is a period of how many days with no insurable earnings?

Options:

A.  

Five business days

B.  

Five calendar days

C.  

Seven business days

D.  

Seven calendar days

Discussion 0
Question # 13

Charmaine’s employment was terminated by her employer on April 13 of the current year. Charmaine had worked for her employer for 3 years and was paid 3 weeks of legislated wages in lieu of notice and two weeks’ vacation pay with her final pay. What date should be recorded in Block 11 on Charmaine’s Record of Employment?

Options:

A.  

April 13 of the current year

B.  

May 4 of the current year

C.  

Block 11 would not be completed

D.  

None of the above

Discussion 0
Question # 14

In which province or territory is the employer-paid premium for private health insurance coverage that includes dental and prescription coverage considered to be a non-cash taxable benefit?

Options:

A.  

Ontario

B.  

Yukon

C.  

British Columbia

D.  

Quebec

Discussion 0
Question # 15

Phillip is being paid a severance payment with his final pay. Which block should this payment be reported on the Record of Employment?

Options:

A.  

Block 15B only

B.  

Block 15C only

C.  

Blocks 15B and 17C

D.  

Block 17C only

Discussion 0
Question # 16

A premium payment for overtime hours worked or a rate per piece of goods produced is an example of:

Options:

A.  

Earnings

B.  

Expense reimbursements

C.  

Allowances

D.  

Benefits

Discussion 0
Question # 17

Which of the following types of earnings are not considered income from employment?

Options:

A.  

Regular salary

B.  

Vacation pay

C.  

Commissions

D.  

Severance pay

Discussion 0
Question # 18

Evangeline earns $1,075.00 weekly plus $154.00 in overtime. Calculate Evangeline’s Québec Parental Insurance Plan (QPIP) premium.

Options:

Discussion 0
Question # 19

Raminder was hired in January 1997. He was fully vested in the organization’s pension plan at the time he received the retiring allowance. His employment was terminated on May 1, 2006 and he was paid a $10,000.00 retiring allowance. Calculate the eligible portion of the retiring allowance.

Options:

A.  

$2,000.00

B.  

$7,500.00

C.  

$10,000.00

D.  

None of the retiring allowance is eligible

Discussion 0
Question # 20

Benefits are:

Options:

A.  

Dollar amounts paid to employees to cover expenses that they incur while performing their job

B.  

Dollar amounts the employer pays for the work an employee performs

C.  

Values attributed to something the employer has either provided to an employee or paid for on an employee’s behalf

D.  

Dollar amounts paid to employees for the use of their personal property for business purposes

Discussion 0
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