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The Canada Revenue Agency requires employers with __________ employees or more to submit electronically. Multiple Choice 25 75 100 10 50 This type of computerized

The Canada Revenue Agency requires employers with __________ employees or more to submit electronically.

Multiple Choice

  • 25
  • 75
  • 100
  • 10
  • 50

This type of computerized processing system consists of payroll-specific software run on the employer computer that does not interface with other systems.

Multiple Choice

  • Outsourced payroll systems
  • Manual processing systems
  • Hybrid integrated systems
  • Stand-alone computer systems
  • Integrated management systems

Hybrid systems are:

Multiple Choice

  • Integrated systems using different vendor software
  • Of unknown origin
  • Based on manual and computerized systems
  • Neither manual nor computerized

Integrated computer systems allow payroll information to be shared with:

Multiple Choice

  • Human resources
  • Operations
  • Accounting
  • All of the choices

Factors to consider when deciding on a computerized payroll system should include all but the following:

Multiple Choice

  • The extent to which privacy is a concern
  • The quality of swag offered to the administrator by the marketing team
  • The degree of integration desired to other company systems
  • The amount of support available and at what cost
  • The type of equipment needed to run the software

Company setup includes the following steps:

Multiple Choice

  • All of the choices
  • Record the business account number for the CRA
  • Structure the permitted earnings types
  • Structure the deductions

This term describes a scenario where companies with integrated systems use an outsource module to process payroll from ERP system-generated data.

Multiple Choice

  • Stand-alone computer systems
  • Manual processing systems
  • Hybrid integrated systems
  • Outsourced payroll systems
  • Integrated management systems

This type of computerized processing system is usually referred to as an ERP system.

Multiple Choice

  • Outsourced payroll systems
  • Stand-alone computer systems
  • Hybrid integrated systems
  • Manual processing systems
  • Integrated management systems

Integrated computer systems:

Multiple Choice

  • Are less expensive than other approaches
  • Are only available to large corporations
  • May reduce data entry
  • Provide "foolproof" software

Outsourced systems:

Multiple Choice

  • Reduce the total transaction costs of payroll processing
  • Transfer all compliance responsibility from employer to service provider
  • Transfer the data processing activities from employer to service provider
  • Eliminate the employer's need to have knowledgeable payroll staff

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