Question: hinking/Ethical Case 1. List at least two items that make up employee benefits expense. 2. All employers must remit their payroll deductions once a month

 "hinking/Ethical Case 1. List at least two items that make up

"hinking/Ethical Case 1. List at least two items that make up employee benefits expense. 2. All employers must remit their payroll deductions once a month (by the 15th of the following month). Please comment. 3. The only payroll-related costs borne by employers are CPP and EI. Please comment. 4. An RC1 form must be submitted annually by all employers. True or false? 5. Why could failure to remit employees' deductions on time be costly? 6. Each employer matches the amount of income tax deducted from employees each month when remitting to the CRA. True or false? 7. Which of the following accurately summarizes the correct formula for determining the monthly remittance to the CRA UIT = income tax)? 3.0 IT) + (2.1 x CPP) + (2 X El b. (IX IT) + ( x CPP) + 1 X EN G1 X IT + 24 X CPPI + 1 x H) d. 11) (2 X CPP: + 12.4 x El 8. A remittance form (PD7A) must be sent to the federal government once every pay period. True or false 9. Why do some firms purchase payroll sofware or payroll services? 10. Employers must complete their T4 Summaries no later than two inunths after the end of their fiscal year. True or false 11. An employer can decide whether to pay Employer llealth Te True or false? ote** Please answer with your own words

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