Match Question

and true or false 1 and 2

A form showing employment income, CPP contributions, E premiums, and income tax deducted for the year, in addition to other voluntary deductions Payments by employers to retired employees An obligation in the form of a written promissory note Current liability 1. Notes payable Statement of remuneration paid (Form T4) 2. A payroll cost designed to provide income protection for a limited period of time to employees who are temporarily laid off 3. 4. Sales taxes 5. Contingent liability 6. Federal and provincial income taxes, 7. Canadian Pension Plan (CPP) 8. Employment insurance 9. Post retirement benefits 10. Pension plan yA potential liability that may become an actual liability in the future y A debt that can reasonably be CPP and EI expected to be paid from current assets Taxes levied on sales to customers An agreement whereby an employer provides benefits to employees after they retire yAn obligation in the form of a 1. Current liability written promissory note A payroll cost designed to provide income protection for a limited period of time to employees who are temporarily laid off A potential liability that may become an actual liability in the future A debt that can reasonably be expected to be paid from current assets Taxes levied on sales to customers 2. Notes payable Statement of remuneration paid (Form T4) 3, 4. Sales taxes 5. Contingent liability Federal and provincial income taxes, CPP and E 6. 7. Canadian Pension Plan (CPP) 8. Employment insurance 9. Post retirement benefits 10. Pension plan An agreement whereby an employer provides benefits to employees after they retire This plan provides supplementary disability, retirement, and death benefits to qualifying Canadians Levied on employees by the federal and provincial governments Question 1 (1 point) When a company issues a gift card, the company will record the gift card in revenue in the period in which it is sold True False Question 2 (1 point) Employer payroll costs will include both the gross wages of employees plus the employer costs of benefits True False