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what is the correct answer 39) Computing payroll for employees can sometimes be quite complicated. Answer. TRUE OR FALSE 40) A TDI Claim Code represents

what is the correct answer

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39) Computing payroll for employees can sometimes be quite complicated. Answer. TRUE OR FALSE 40) A TDI Claim Code represents a certain amount of a person's income that will be considered tax exempt. Answer. TRUE OR FALSE 41) The Income Tax, El and CPP tables are found on the Canada Revenue Agency website. Answer: TRUE OR FALSE 42) The employer is responsible for verifying the claims made by employees on TD1 Forms. Answer: TURE OR FALSE 43) The higher the TDI code a person claims, the less income tax is paid. Answer: TRUE OR FALSE 44) Gross pay is the amount that the employee takes home. Answer: TRUE OR FALSE 45) The formula for computing CPP Premiums to be deducted from an employee's weekly pay is (Gross Pay - 67.30) x 4.95h, subject to maximum premium per year. Answer: TRUE OR FALSE 46) The formula for computing EI Premiums to be deducted from an employee's weekly pay is Gross Pay x 1.88%, maximum $67.30. Answer: TRUE OR FALSE 47) Maximum contributions for CPP, EI, and Income Tax change on an annual basis. Answer: TRUE OR FALSE 48) Calculate the total wages earned for each employee (assume an overtime rate of time and a half over 40 hours). a) Deon Brown earns $12 per hour and worked 42 hours in one week. b) Gerald Cornelius earns $16 per hour and worked 48 hours in one week

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