CHAPTER $4$ PF$1$ Assignment

Name:

Date:

$1.$ True or False. When calculating the Canada$/$Qubec Pension Plan contribution on a nonregular payment, paid separately from the employees regular salary or wages, the pay period exemption must be applied to the payment.

$2.$ Death benefits are subject to:

a$.$ Canada$/$Qubec Pension Plan contributions

b$.$ Employment Insurance premiums

c$.$ Qubec Parental Insurance Plan premiums

d$.$ All of the above

e$.$ None of the above

$3.$ One of the senior lawyers at Corneau & Corneau, a prominent Qubec law firm, passed away after a brief illness. The company paid a death benefit to the former employees spouse in the amount of $$50,000\mathrm{.}00.$

Calculate the net death benefit to be paid.