$1.$ Employers must remit deducted payroll taxes to the CRA on a monthly, quarterly,

or accelerated schedule depending on their total average monthly withholding

amount.

o True

o False

$2.$ What is the impact of updating the basic personal amount on an employee$$s taxable

income?

$3.$ Which of the following deductions are employers responsible for matching?

o a$)$ Income tax

o b$)$ CPP$/$QPP contributions

o c$)$ EI premiums

o d$)$ Both b and c

$4.$ What must employers do if an employee's personal circumstances change during the

year?

$5.$ Employers are required to keep payroll records for a minimum of two years.

o True

o False

$6.$ Which of the following penalties might an employer face for late remittance of

payroll deductions?

o a$)$ Up to $10\%$ of the amount owed, plus interest.

o b$)$ Up to $20\%$ of the amount owed, with no interest.

o c$)$ No penalty if the employer explains the reason for the delay.

o d$)$ A fixed penalty of $$500,$ regardless of the amount owed.

$7.$ Employees are required to complete TD$1$ forms every year.

o True

o False

$8.$ What is the federal claim code for an employee who is only claiming the basic

personal amount?

o a$)1$

o b$)2$

o c$)3$

o d$)4$

$9.$ Payroll software automatically updates tax rates and thresholds, minimizing the

risk of payroll errors.

o True

o False

$10.$ Which of the following must be submitted to the CRA by the last day of February

each year?

o a$)$ T$1$ slips

o b$)$ T$4$ slips

o c$)$ TD$1$ forms

o d$)$ PIER audit reports

$11.$ What is the purpose of the Payroll Information Review $($PIER$)$ process?

Page $43$

$12.$ Zidane is a Saskatchewan resident who gets paid weekly. He claims code $1$ federal and

provincial. His pay for the week ended April $07,2022,$ is $$1,500.$ Calculate the following in

excel.

I. Manually calculate Zidane$$s CPP and EI deductions

II$.$ Using the online payroll calculator. Copy pastes your answer in excel.

III. Compare your calculation of CPP and EI in part i$)$ with the answers you get in parts ii$)$

and iii$).$

$13.$ Which of the following is a responsibility of the employer regarding income tax

deductions?

o a$)$ Calculating and remitting income tax based on TD$1$ forms.

o b$)$ Deciding the amount of tax each employee should pay at year$-$end.

o c$)$ Providing tax advice to employees.

o d$)$ Issuing tax refunds directly to employees.

$14.$ In which situation would an employee need to complete a new TD$1$ form?

o a$)$ When they receive a bonus.

o b$)$ When their basic personal amount is increased.

o c$)$ When they change their marital status.

o d$)$ When they move to a new province.

$15.$ There is $\_\_\_\_\_\_($age limit$,$ no age limit$)$ for deducting income tax and there is no

employer contribution required.

$16.$ TD$1$ forms are used t determine how much federal and provincial taxes will be deducted

from employee$$s gross pay, True or False?

$17.$ Leo is claiming following tax amounts on his TD$1$ forms.

Basic personal amount, and

Tuition fees of $$3,000$

What will be his claim code?

$18.$ As the claim code increases, so does the amount of tax be deducted. True or False?

$19.$ Zidane is a Saskatchewan resident who gets paid weekly. He claims code $1$ federal and

provincial. His pay for the week ended April $07,2022,$ is $$1,500.$ Calculate the following in

excel.

$$ Manually calculate Zidane$$s CPP and EI deductions

$$ Do same calculation using the online payroll calculator. Copy pastes your answer in

excel.

$$ Compare your calculation of CPP and EI in part i$)$ with the answers you get in parts ii$)$

and iii$).$

$20.$ Joseph lives in Calgary and works for Centre Street Motors. His annual salary is $$36,000$

and he gets paid monthly. He claims code $1,$ federal and provincial. Calculate his net pay

using the online calculator, for the March $2022.$ Copy pastes your answer