Question 47-50

47. Who would use claim code "O" on the federal TD1 form? A. Employees with earnings in excess of the maximum amount listed In the federal claim codes B. Employees with total insurable earnings that are less than their basic personal exemption being claimed C. All part-time students working summer jobs and having earnings less than the basic personal exemption D. Non-resident employees and employees working other jobs and already claiming the basic federal exemption 48. An employee turns 18 on July 15, 2020. The employee will begin contributing to the Canada Pension Plan: A. pay date July 19, 2020 B. pay date August 2, 2020 C. pay date Sept 16, 2020 D. pay date October 12, 2020 49. Which of the following amounts are not deducted from gross taxable income before income taxes are applied to an employee's remuneration? A. Employee contributions to Canada Pension Plan B. Deductions for living in a prescribed zone as claimed on the employee's TD1 form C. Employee contributions to a registered pension plan D. Employee contributions to a Registered Retirement Savings Plan 50 An employee earns a fixed salary of $950.00 per week. They are expected to work 4 1.5 hours per week. During month-end they worked an extra 3 hours of unpaid time. How many insurable hours would be recorded? A. 41.5 B. 44.5 C 45 D. 16