Question: what is the correct answer 39) Computing payroll for employees can sometimes be quite complicated. Answer. TRUE OR FALSE 40) A TDI Claim Code represents

what is the correct answer

what is the correct answer 39) Computing payroll for employees can sometimes

39) Computing payroll for employees can sometimes be quite complicated. Answer. TRUE OR FALSE 40) A TDI Claim Code represents a certain amount of a person's income that will be considered tax exempt. Answer. TRUE OR FALSE 41) The Income Tax, El and CPP tables are found on the Canada Revenue Agency website. Answer: TRUE OR FALSE 42) The employer is responsible for verifying the claims made by employees on TD1 Forms. Answer: TURE OR FALSE 43) The higher the TDI code a person claims, the less income tax is paid. Answer: TRUE OR FALSE 44) Gross pay is the amount that the employee takes home. Answer: TRUE OR FALSE 45) The formula for computing CPP Premiums to be deducted from an employee's weekly pay is (Gross Pay - 67.30) x 4.95h, subject to maximum premium per year. Answer: TRUE OR FALSE 46) The formula for computing EI Premiums to be deducted from an employee's weekly pay is Gross Pay x 1.88%, maximum $67.30. Answer: TRUE OR FALSE 47) Maximum contributions for CPP, EI, and Income Tax change on an annual basis. Answer: TRUE OR FALSE 48) Calculate the total wages earned for each employee (assume an overtime rate of time and a half over 40 hours). a) Deon Brown earns $12 per hour and worked 42 hours in one week. b) Gerald Cornelius earns $16 per hour and worked 48 hours in one week

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