Question: Course / Module: Computerized AccountingTopic: PYRC4 - Federal Remittances and ReconciliationsCan you help me with this questions please? Thank you. 18. The total of the

Course / Module: Computerized AccountingTopic: PYRC4 - Federal Remittances and ReconciliationsCan you help me with this questions please? Thank you.

Course / Module: Computerized AccountingTopic:
18. The total of the employee portion of Employment Insurance premiums for the current remittance period is $8,925.00. The employer does not qualify for a reduced Employment Insurance rate. What is the employer portion that will be remitted to the Canada Revenue Agency for this period? 19. If an overpayment is discovered when reconciling the Canada Revenue Agency Account, the employer: 0 A. should carry the overpayment forward until it can be applied to an underpayment o B. should apply to the Canada Revenue Agency for a refund of the overpayment as long as it was in the current taxation year 0 C. does not qualify for a refund and will need to write off the overpayment o D. should reduce their next remittance by the amount of the overpayment 20. The Canada Revenue Agency may apply a penalty of up to what amount for a first time late payment of source deducons? o A. 3% o B. 5% O C. 70/0 0 D. 10%

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