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1 . Employees in Quebec must also contribute an additional premium of _ _ _ _ on insurable earnings to the Quebec Parental Insurance Plana

1.Employees in Quebec must also contribute an additional
premium of ____ on insurable earnings to the Quebec Parental
Insurance Plana)5.25%b)4.95%c)0.495%
d)1.54%
e)1.88%2. Employees in provinces other than Quebec must contribute
additional premiums on insurable earnings over and above the
Employment Insurance rate of 1.58% for their provincial Parental
Insurance Plans.TRUE OR FALSE3. Employees in Quebec contribute Employment Insurance premiums
at a rate of ____.a)5.25%b)4.95% c)0.559%
d)1.18% e)1.88%4.An employee earns $55,000 per year and is paid on a
semi-monthly pay schedule. The employee enjoys the benefit of a
company paid cell phone for personal use (cost is $150 per month)
and receives 6% vacation pay on each payment. This pay cycle
included 15 hours of approved overtime worked over the normal 40
hour work week and a reimbursement for travel expenses in the
amount of $434.20. The employee contributes 5% of their regular
wages to a Registered Retirement Savings Plan each pay cycle.Calculate the Gross Earnings5.An employee earns $55,000 per year and is paid on a
semi-monthly pay schedule. The employee enjoys the benefit of a
company paid cell phone for personal use (cost is $150 per month)
and receives 6% vacation pay on each payment. This pay cycle
included 15 hours of approved overtime worked over the normal 40
hour work week and a reimbursement for travel expenses in the
amount of $434.20. The employee contributes 5% of their regular
wages to a Registered Retirement Savings Plan each pay cycle.Calculate the Insurable Earnings6.An employee earns $55,000 per year and is paid on a
semi-monthly pay schedule. The employee enjoys the benefit of a
company paid cell phone for personal use (cost is $150 per month)
and receives 6% vacation pay on each payment. This pay cycle
included 15 hours of approved overtime worked over the normal 40
hour work week and a reimbursement for travel expenses in the
amount of $434.20. The employee contributes 5% of their regular
wages to a Registered Retirement Savings Plan each pay cycle.The employee is a Claim Code 1 both Federally and Provincially
and works in Ontario. Use the PDOC to calculate Provincial and
Federal tax deductions assuming the date of pay is March 7,
2021.7.If employees receive benefits that are not paid in cash,
such as free cell phones, these items will not be considered
taxable.TRUE OR FALSE8.Gross taxable earnings may be different than gross
earnings.TRUE OR FALSE9.Taxable benefits amounts need to be calculated based on
the value per pay cycle.TRUE OR FALSE10.Gross Earnings includes all but the following:a) Shift Premium. b)Non-taxable allowance.
c)Employer Health Tax Premiums. d) Taxable Allowance
e) Payment in lieu of notice

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