PRR$-$ FA PAYROLL REMITTANCE & REPORTING FINAL ASSESSMENT

$1.$

Name three statutory deductions for employees?

$1$points$$

$$A$)$Union Dues, Employment Insurance, Canada Pension plan$$B$)$Canada Pension Plan, Employment Insurance, Income Tax$$C$)$Income Tax, Union Dues, Employment Insurance$$D$)$Workers Compensation, Union Dues, Employers Health Tax

$2.$

How is the employer$$s portion of CPP Calculated?

$1$points$$

$$A$)$The employer must match the employee CPP withheld$$B$)$The employer must multiply the employee CPP withheld by $140\%$C$)$The employers must multiple the employee CPP withheld by $150\%$D$)$The employers must multiply the employee CPP withheld by $120\%$

$3.$

$$Remittances are due by the $30$th of the month following the payroll month?

$1$points$$

$$A$)$True$$B$)$False

$4.$

$$Worker$$s Compensation Board $($WCB$)$ OR in Ontario Workplace Safety and Insurance Board $($WSIB$)$ is paid by the employee?

$1$points$$

$$A$)$True$$B$)$False

$5.$

$$How is the employer$$s portion of EI calculated?

$1$points$$

$$A$)$The employers must multiply the employee EI withheld by $150\%$B$)$The employer must match the employee EI withheld$$C$)$The employer must multiply the employee EI withheld by $140\%$D$)$The employer must double the employee CPP withheld

$6.$

Employers are allowed to keep money deducted from employees forstatutory deductions.

$1$points$$

$$A$)$True$$B$)$False

$7.$

Employees receive a T$4$ every year from the employers they work for?

$1$points$$

$$A$)$True$$B$)$False

$8.$

$$Employees must complete and submit the T$4$ Summary Form annually to the CRA?

$1$points$$

$$A$)$True$$B$)$False

$9.$

$$The name of the employee is the only information required on a T$4?$

$1$points$$

$$A$)$True$$B$)$False

$10.$

$$Payroll amount due each month consist of income taxes, CPP$,$ and EI deducted from each employee for each payroll during the month

$1$points$$

$$A$)$True$$B$)$False