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1. payroll administrators are advised to confirm charitable agency's registration with the CRA by: a. Using the CRA search website b.Using the Mozilla search website

1. payroll administrators are advised to confirm charitable agency's registration with the CRA by:

  • a. Using the CRA search website

  • b.Using the Mozilla search website

  • c.Calling the agency directly

  • d.Calling the local police

  • e.Calling Service Canada

  • 2. Which deductions must be calculated first in payroll processing?

  • a. Statutory deduction

  • b. Garnishment orders

  • c. Employer compulsory deductions

  • d. Employer voluntary deductions

  • e. Deduction order is irrelevant

  • 3. the following statement is not true regarding employer sponsored Registered Retirement Savings Plans.

  • a. The final retirement benefit is known in advance.

  • b. Allow employers to reduce taxes from source deductions.

  • c. Fees are usually lower than for individuals.

  • d. Contributions may be made by the employer, the employee or both depending on the structure of the plan.

  • e. Employee access is often limited to the principal or interest income prior to retirement.

  • 4. Examples of payroll deductions that are not acceptable include all but the following:

  • a. Deductions for cash shortages

  • b. Deductions for inventory shortages

  • c. Deductions for employee social funds

  • d. Deductions for cleaning uniforms

  • e. Deductions for product damage

  • 5. this type of pension plan is administered by a trustee according to a formula for the amount of pension benefits the worker will receive when claimed.

  • a. Defined Benefit Pension Plans

  • b. Defined Contribution Pension Plans

  • c. Registered Retirement Savings Plans

  • d. Deferred Profit Sharing Plans

  • e. Defined Development Pension Plans

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