Review Questions

How does the employer's choice of payroll cycle impact earnings calculations? $($ LO$1)$

What does the term salary mean in common usage compared to the use of the word by the CRA? $($ LO$1)$

How can vacation pay be calculated and included in employees' earnings? $($ LO$1)$

What is the difference between a taxable and a non$-$taxable allowance? $(\frac{?}{{?}_{\frac{?}{?}}LO2})$

What are taxable benefits? $(\frac{?}{{?}_{\frac{?}{?}}}$ LO$3)$

Assessment Questions

Employment carnings include: $($ LOI$)$

a$)$ Wages

b$)$ Salary

c$)$ Gratuities when distributed by the employer

d$)$ All of the above

The following would not be considered wages: $($G LO$1)$

a$)$ Call$-$in pay

b$)$ Personal use of an employer's automobile

c$)$ Piece$-$work payment

d$)$ Overtime

If an employee earns a salary of $$36,000$ per year, their bi$-$weekly pay cycle salary would be: $()$

a$)$ $$3,000\mathrm{.}00$

b$)$ $$1,500\mathrm{.}00$

c$)$ $$1\mathrm{.}384\mathrm{.}62$

d$)$ $$36,000\mathrm{.}00$

If an employee earns a salary of $$36,000$ per year, their semi$-$monthly pay cycle salary would be: $(LO)$

a$)$ $$3,000\mathrm{.}00$

b$)$ $$1,500\mathrm{.}00$

c$)$ $$1\mathrm{.}384\mathrm{.}62$

d$)$ $$36,000\mathrm{.}00$

If an employee in British Columbia works $14$ hours one day when their normal day is $8$ hours and their hourly rate is $$20\mathrm{.}00,$ how much

is their total pay for the day? $($@$$ LO$2)$

a$)$ $$80$

b$)$ $$120$

c$)$ $$280$

d$)$ $$360$