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what is the correct answer? 1) One benefit of using computer software to complete a payroll is NOT: A) It creates fewer calculation errors. B)

what is the correct answer?

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1) One benefit of using computer software to complete a payroll is NOT: A) It creates fewer calculation errors. B) It is preferred by Revenue Canada. C) It speeds up the payroll process. D) It makes year-end reporting much easier. 2) Which of the following is a law that has no effect on payroll net earnings? A) Minimum Wage B) Federal Income Tax C) Provincial Income Tax D) Canada Savings Bond 3) Net pay is the same as A) gross pay. B) take home pay. C) before taxes pay. D) pay before deductions. 4) The form used to determine an employee's net claim code is called a A) T4. B) Record of Employment. C) TDI. D) Employee Earnings Record 5) Income tax deduction amounts for employees in all provinces and territories in Canada (except Quebec) must be calculated based on A) Federal Tax rates only. B) Provincial/Territorial Tax rates only. C) both Federal and Provincial/Territorial Tax rates. D) the TONI Tax tables

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