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critical thingking Thinking/Ethical Case 1. List at least two items that make up employee benefits expense. 2. All employers must remit their payroll deductions once
critical thingking
Thinking/Ethical Case 1. List at least two items that make up employee benefits expense. 2. All employers must remit their payroll deductions once a month (by the 15th of the following month). Please comment. 3. The only payroll-related costs borne by employers are CPP and El. Please comment. 4. An RC1 form must be submitted annually by all employers. True or false? 5. Why could failure to remit employees deductions on time be costly? 6. Each employer matches the amount of income tax deducted from employees each month when remitting to the CRA. True or false? 7. Which of the following accurately summarizes the correct formula for determining the monthly remittance to the CRA (IT = income tax)? a. XITE+ DX CPP+ X b. Y. IT) + 2X (PP, + (XED cel XII + 12 + x CPP + (2x II d. X IT + 2 x CPP; + 2.1 x El) 8. A remittance form (PD7A) must be sent to the lederal government once every pay period. True or false? 9. Why do some firms purchase payroll software or payroll Services 10. Employers must complete their T4 Summaries no later than two months after the end of their fiscal year. True or false? 11. An employer can decide whether to pay Employer leur con True or false
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