Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

24.Payroll deduction table is applicable to (1) a. Weekly b. Biweekly c. Semi monthly d. All of the above 25.Indicate with an X the instances

24.Payroll deduction table is applicable to (1) a. Weekly b. Biweekly c. Semi monthly d. All of the above 25.Indicate with an X the instances that are acceptable for the use of an employees Social Insurance Number: (4) a. Benefit plan identification number ______________ b. T4/T4A reporting _______________ c. Employee identification number _______________ d. Record of Employment reporting _______________ 26.The manual calculation method is adopted when (1) a. There are 53 or 26 biweekly pays in a year b. Employee pensionable earnings are greater than the maximum in the tables c. Employee received bonus amount d. All of the above 27.The amount remaining after subtracting pay period exemption from GPTI is a. Taxable income (1) b. Insurable income c. Contributory earning d. CPP contribution 28.An employee is being paid a bonus of $2,000.00 along with her regular monthly pay of $3,980.00. She also has a monthly non-cash taxable benefit of $20.00. Calculate CPP and EI.

29.CPP contribution is prorated when the employee (1) a. Turns 18 or 70 b. Considered disabled by the doctor c. Paid by commission on an irregular basis d. All of the above 30.Charles is 65 years of age and in receipt of a CPP retirement pension. He filed a CPT30 election form on April 15th to stop CPP contributions; his employer stopped deducting CPP contributions as of the first pay period with a pay date falling in the month of May. What should be his maximum CPP contribution? (1) 31.Tracy Labonte is a salesperson for Logan Industries. She is paid by commission only when she sells the companys product. On June 1, Tracy was paid $2,400.00 in commissions; her last commission payment was on March 19. Calculate her CPP contribution? (1) 32.True or False. If an employee leaves one employer during the year to start work with another employer, the new employer can take into account what the employees previous employer withheld in Canada Pension Plan contributions (1) 33.The maximum insurable earning for 2019 is _______________________.(1) 34.The maximum employer premium for EI is ________________________.(1) 35.Like CPP, there is an age restriction on the withholding of an EI premium. (T/F) (1) 36.Frank works 75 hours in the bi-weekly pay period and earns $30.00 an hour. He also receives a $100.00 car allowance each pay. Company is providing

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions