Question 1

Workers' compensation provides insurance for employees who are

Accepted Answer

A)  unemployed due to an economic downturn. 
B)  unemployed due to a plant closing. 
C)  injured while on the job. 
D)  not paid enough. 
A)  unemployed due to an economic downturn. 
B)  unemployed due to a plant closing. 
C)  injured while on the job. 
D)  not paid enough. C

Question 2

From the following information, please complete the chart for gross earnings for the week. Assume an overtime rate of time and a half over 40 hours.
Hourly Rate No. of Hours Gross Earnings
Ron Jhamal $7 44 ________
J.C. Latour $8 35 ________
Jerry Chan $9 43 ________

Accepted Answer

Ron Jhamal gross pay = $322.00
J.C. Latour gross pay = $280.00
Jerry Chan gross pay = $400.50

Question 3

The form used to determine an employee's net claim code is called a

Accepted Answer

A)  T4. 
B)  Record of Employment. 
C)  TD1. 
D)  Employee Earnings Record 
A)  T4. 
B)  Record of Employment. 
C)  TD1. 
D)  Employee Earnings Record C

Question 4

Income tax deduction amounts for employees in all provinces and territories in Canada (except Quebec) must be calculated based on

Accepted Answer

A)  Federal Tax rates only. 
B)  Provincial/Territorial Tax rates only. 
C)  both Federal and Provincial/Territorial Tax rates. 
D)  the TONI Tax tables. 
A)  Federal Tax rates only. 
B)  Provincial/Territorial Tax rates only. 
C)  both Federal and Provincial/Territorial Tax rates. 
D)  the TONI Tax tables.

Question 5

One benefit of using computer software to complete a payroll is NOT:

Accepted Answer

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. 
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.

Question 6

Each province is responsible for administering an employment insurance program.

Accepted Answer

A) True 
 B)False

Question 7

What liability account is reduced when the employees are paid?

Accepted Answer

A)  Income Tax Payable, CPP Payable, EI Payable 
B)  Wages and Salaries Expense 
C)  Wages and Salaries Payable 
D)  Payroll Taxes Payable 
A)  Income Tax Payable, CPP Payable, EI Payable 
B)  Wages and Salaries Expense 
C)  Wages and Salaries Payable 
D)  Payroll Taxes Payable

Question 8

The CPP premium rate is currently 4.95% of gross earnings.

Accepted Answer

A) True 
 B)False

Question 9

Using the following information, complete the Payroll Register (Payroll Summary) for the week ending January 17, 2019. Assume a tax rate of 15%, CPP of 4.95% (exemption of 67.30), and EI of 1.88%.
$$\begin{array} { l l l } 
\text { Employee } & \text { Type } & \text { Rate } \
\text { Sara W. } & \text { Office } & 400 \
\text { Howard R. } & \text { Sales } & 300 \
\text { Pinder C. } & \text { Sales } & 500
\end{array}$$

Accepted Answer

Gross Income Department
Employee Pay Tax

Question 10

An employee pays no CPP premiums once past $54,900 in gross earnings for 2016.

Accepted Answer

A) True 
 B)False

Question 11

From the following information, complete the chart for gross earnings for the week. Assume an overtime rate of time and a half over 40 hours.
$$\begin{array}{l}
\text { Hourly Rate $\quad$$\quad$$\quad$No. of  $\quad$$\quad$Gross Earnings }\
\begin{array} { l c c } 
\text { Kurt Nelson } &  \text { HoursWorked } \
\text { Sabrina Schmitz } & \$ 14 & 44 \
\text { Kirk Seifker } & \$ 16 & 35 \
& \$ 18 & 43
\end{array}
\end{array}$$

Accepted Answer

Kurt Nelson $644
Sab

Question 12

The amount of EI to be deducted from an employee with weekly earnings of $400.00 would be (using the tables)

Accepted Answer

A)  $2.82. 
B)  $17.42. 
C)  $7.53. 
D)  $11.36. 
A)  $2.82. 
B)  $17.42. 
C)  $7.53. 
D)  $11.36.

Question 13

Using the Payroll Register below, produce the General Journal entry to record the payroll for the week ending April 5, 2019.
$$\begin{array} { l r l r r r r r } 
& \text { Gross } & \text { Income } & &&& { \text { Department } } \
\text { Employee } & \text { Pay } & \text { Tax } & \text { CPP } & \text { EI } & \text { Net } & \text { Office } & \text { Sales } \
\text { Susan } & 900 & 198 & 41.22 & 16.92 & 643.86 & 900 & \
\text { Geoffrey } & 1,100 & 242 & 51.12 & 20.68 & 789.20 & 1,100 & \
\text { Tessa } & 2,000 & 440 & 95.67 & 37.60 & 1,426.73 & & 2,000 \
\text { Stanley } & \underline { 700 } & 154 & 31.32 & 13.16 & 501.52 & & 700 \
& 4,700 & 1,034 & 219.33 & 88.36 & 3,358.31 & 2,000 & 2,700
\end{array}$$

Accepted Answer

Office Salaries Expense 2000.00
Sales Sa

Question 14

A TD1 Claim Code represents a certain amount of a person's income that will be considered tax exempt.

Accepted Answer

A) True 
 B)False

Question 15

All provinces use the same rates for Income Taxes.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is an optional payroll deduction?

Accepted Answer

A)  Charitable Contributions 
B)  Income Taxes 
C)  Canada Pension Plan 
D)  Employment Insurance 
A)  Charitable Contributions 
B)  Income Taxes 
C)  Canada Pension Plan 
D)  Employment Insurance

Question 17

If Reed Bar's hourly wage is $8.00 and he worked 35 hours during the week, what is his gross pay for the week?

Accepted Answer

A)  $300 
B)  $320 
C)  $280 
D)  $250 
A)  $300 
B)  $320 
C)  $280 
D)  $250

Question 18

The amount of EI to be deducted from an employee with earnings of $800 this weekly period would be (using the tables)

Accepted Answer

A)  $15.09. 
B)  $18.25. 
C)  $22.63. 
D)  $24.73. 
A)  $15.09. 
B)  $18.25. 
C)  $22.63. 
D)  $24.73.

Question 19

A maximum limit is set for all income tax deductions.

Accepted Answer

A) True 
 B)False

Question 20

The actual tax Bram pays for the year will be affected by

Accepted Answer

A)  the amount of earnings he makes from all sources. 
B)  his charitable donations made. 
C)  any deductible tuition he has paid. 
D)  All of the above. 
A)  the amount of earnings he makes from all sources. 
B)  his charitable donations made. 
C)  any deductible tuition he has paid. 
D)  All of the above.

Workers' compensation provides insurance for employees who are

From the following information, please complete the chart for gross earnings for the week. Assume an overtime rate of time and a half over 40 hours. Hourly Rate No. of Hours Gross Earnings Ron Jhamal $7 44 J.C. Latour $8 35 Jerry Chan $9 43

The form used to determine an employee's net claim code is called a

Income tax deduction amounts for employees in all provinces and territories in Canada (except Quebec) must be calculated based on

One benefit of using computer software to complete a payroll is NOT:

Each province is responsible for administering an employment insurance program.

What liability account is reduced when the employees are paid?

The CPP premium rate is currently 4.95% of gross earnings.

Using the following information, complete the Payroll Register (Payroll Summary) for the week ending January 17, 2019. Assume a tax rate of 15%, CPP of 4.95% (exemption of 67.30), and EI of 1.88%. Employee Type Rate Sara W. Office 400 Howard R. Sales 300 Pinder C. Sales 500

An employee pays no CPP premiums once past $54,900 in gross earnings for 2016.

From the following information, complete the chart for gross earnings for the week. Assume an overtime rate of time and a half over 40 hours. Hourly Rate No. of Gross Earnings Kurt Nelson HoursWorked Sabrina Schmitz \ 14 44 Kirk Seifker \ 16 35 \ 18 43

The amount of EI to be deducted from an employee with weekly earnings of $400.00 would be (using the tables)

A TD1 Claim Code represents a certain amount of a person's income that will be considered tax exempt.

All provinces use the same rates for Income Taxes.

Which of the following is an optional payroll deduction?

If Reed Bar's hourly wage is $8.00 and he worked 35 hours during the week, what is his gross pay for the week?

The amount of EI to be deducted from an employee with earnings of $800 this weekly period would be (using the tables)

A maximum limit is set for all income tax deductions.

The actual tax Bram pays for the year will be affected by

Accounting Concepts and Procedures: an Introduction

Debits and Credits: Analyzing and Recording Business Transactions

Beginning the Accounting Cycle: Journalizing, Posting, and the Trial Balance

The Accounting Cycle Continued: Preparing Worksheets and Financial Statements

The Accounting Cycle Completed: Closing and Post-Closing Trial Balance

Special Journals and Subsidiary Ledgers: the Basics: Sales and Cash

Special Journals and Subsidiary Ledgers: the Basics: Purchases and Cash Payments Journals

Banking Procedures and Control of Cash

The Employers Tax Responsibilities: Principles and Procedures

Special Journals With Taxes

Preparing a Worksheet for a Merchandising Company

Completion of the Accounting Cycle for a Merchandising Company

Filters

Exam 9: Payroll Procedures: the Employees Perspective

Workers' compensation provides insurance for employees who are

From the following information, please complete the chart for gross earnings for the week. Assume an overtime rate of time and a half over 40 hours. Hourly Rate No. of Hours Gross Earnings Ron Jhamal $7 44 ________ J.C. Latour $8 35 ________ Jerry Chan $9 43 ________

The form used to determine an employee's net claim code is called a

Income tax deduction amounts for employees in all provinces and territories in Canada (except Quebec) must be calculated based on

One benefit of using computer software to complete a payroll is NOT:

Each province is responsible for administering an employment insurance program.

What liability account is reduced when the employees are paid?

The CPP premium rate is currently 4.95% of gross earnings.

Using the following information, complete the Payroll Register (Payroll Summary) for the week ending January 17, 2019. Assume a tax rate of 15%, CPP of 4.95% (exemption of 67.30), and EI of 1.88%. Employee Type Rate Sara W. Office 400 Howard R. Sales 300 Pinder C. Sales 500

An employee pays no CPP premiums once past $54,900 in gross earnings for 2016.

From the following information, complete the chart for gross earnings for the week. Assume an overtime rate of time and a half over 40 hours. Hourly Rate No. of Gross Earnings Kurt Nelson HoursWorked Sabrina Schmitz \ 14 44 Kirk Seifker \ 16 35 \ 18 43

The amount of EI to be deducted from an employee with weekly earnings of $400.00 would be (using the tables)

A TD1 Claim Code represents a certain amount of a person's income that will be considered tax exempt.

All provinces use the same rates for Income Taxes.

Which of the following is an optional payroll deduction?

If Reed Bar's hourly wage is $8.00 and he worked 35 hours during the week, what is his gross pay for the week?

The amount of EI to be deducted from an employee with earnings of $800 this weekly period would be (using the tables)

A maximum limit is set for all income tax deductions.

The actual tax Bram pays for the year will be affected by

Accounting Concepts and Procedures: an Introduction

Debits and Credits: Analyzing and Recording Business Transactions

Beginning the Accounting Cycle: Journalizing, Posting, and the Trial Balance

The Accounting Cycle Continued: Preparing Worksheets and Financial Statements

The Accounting Cycle Completed: Closing and Post-Closing Trial Balance

Special Journals and Subsidiary Ledgers: the Basics: Sales and Cash

Special Journals and Subsidiary Ledgers: the Basics: Purchases and Cash Payments Journals

Banking Procedures and Control of Cash

The Employers Tax Responsibilities: Principles and Procedures

Special Journals With Taxes

Preparing a Worksheet for a Merchandising Company

Completion of the Accounting Cycle for a Merchandising Company

Filters

From the following information, please complete the chart for gross earnings for the week. Assume an overtime rate of time and a half over 40 hours. Hourly Rate No. of Hours Gross Earnings Ron Jhamal $7 44 J.C. Latour $8 35 Jerry Chan $9 43