1. The rate used to charge interest on insufficient instalments for individuals is 4 percent higher than the rate used to calculate interest paid to individuals on refunds.

True or False?

2. Which of the following would not be an advantage of being employed as opposed to being an independent contractor?
   1. The ability to receive more fringe benefits.
   2. The ability to make lower CPP payments.
   3. The ability to pay income tax in quarterly instalments.
   4. Greater job security.

3. Which of the following items would be considered a taxable benefit to an employee?
   1. Discounts on merchandise sold by the employer.
   2. A $450 gift certificate that can be used at a local clothing store.
   3. Premiums on private health insurance plans.
   4. The cost of counseling services related to mental health.

4. During 2019,Ms. Greens employer provides her with an automobile for 11 months of the year. It cost $58,760, including applicable HST. She drives it a total of 62,000 kilometers. Of the total kilometers driven, 16,000 relate to personal use of the automobile. The employer pays all maintenance costs which total $9,200 for the year. What is the minimum taxable benefit for the use of the automobile that will be assessed to Ms. Green for 2019?
   1. $17,407
   2. $16,920
   3. $15,760
   4. $16,785