Review Questions 1. How does the employer's choice of payroll cycle impact earnings calculations? ( LOI) 2. What does the term salary mean in common usage compared to the use of the word by the CRA? (A LOT) 3. How can vacation pay be calculated and included in employees' earnings? (Q LOI) 4. What is the difference between a taxable and a non-taxable allowance? ([ LOZ) 5. What are taxable benefits? ( LO3) Assessment Questions 1. Employment earnings include: () LOT) Wages bj Salary Gratuities when distributed by the employer All of the above 2. The following would not be considered wages: (( LOT) al Call-in pay b) Personal use of an employer's automobile c) Piece work payment Overtime 3. If an employee earns a salary of $36.000 per year. their biweekly pay cycle salary would be: (P LO2) $3,000.00 b) $1,500.00 $1.384.62 $36.000.00 4. If an employee earns a salary of $361000 per year, their semi-monthly pay cycle salary would be: ((2) Lo2) $3.000.00 bj $1,500.00 $1.384.62 $36.000.00 5. If an employee in British Columbia works 14 hours one day when their normal day is 8 hours and their hourly rate is $20.00. how much is their total pay for the day? (() LO2) $80 $120 g) $280 $360