1.A business is required to obtain a social insurance number from each of its employees.

True

False

2. A business is required to file a record of employment for each of its employees by the end February of the following calendar year in which CPP and EI contributions were withheld.

True

False

3. An employee with employment income of $66,000 in 2021, and who receives his pay on a biweekly basis, will reach the maximum CPP contributions for the year during the 24th pay period of the year.

True

False

4. The Employee Benefits Expense account is the sum of all employer CPP and EI matching contributions during the relevant period.

True

False