Question
If you are a new business and did not have any remittances due 2 years ago, your remittance for amounts deducted on the January 14th
- If you are a new business and did not have any remittances due 2 years ago, your remittance for amounts deducted on the January 14th pay is due on:
Multiple Choice
April 15
February 15
January 14
January 25
The 3rd business day following January 14
2. The largest and most frequent disbursement of payroll funds is typically for
Multiple Choice
Remittance to unions
Remittance to charities
Remittance to Canada Revenue Agency
Net pay to employees
RRSP contributions to financial institutions
3. If your average monthly remittance in the 2nd preceding year was $24,500 you must remit amounts owed to the Canada Revenue Agency
Multiple Choice
Annually
Quarterly
Monthly
Semi-monthly (Accelerated 1)
Weekly (Accelerated 2)
4. If your average monthly remittance in the 2nd preceding year was $2,500 you must remit amounts owed to the Canada Revenue Agency
Multiple Choice
Annually
Quarterly
Monthly
Semi-monthly (Accelerated 1)
Weekly (Accelerated 2)
5.An Ontario employer with annual insurable earnings of $15,000 would be required to remit workers' compensation premiums for the month of April by:
Multiple Choice
April 30th
May 31st
June 30th
July 31st
April 30th of the following year
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrod Harford, David Stangeland, Andras Marosi
3rd Canadian Edition
0135418178, 978-0135418178
