Payroll 1 review

The form to determine an employee’s net claim code is called a(n):

• Employee’s earning record

• T-4

• TD-1

• None of the above

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

• $250

• $300

• $325

• $320

• $280

Net pay is the same as:

• Pay before deductions

• Gross pay

• Overtime Pay

• Take home pay

• Before tax pay

Which of the following is an optional payroll deduction for an employee?

• Canada Pension Plan

• Employment Insurance

• Income Tax

• Charitable contribution

Which liability account is reduced when the employees are paid?

• Wages and Salaries expense

• Payroll Tax expense

• Benefit expense

• Income Tax, CPP Payable & EI Payable

• Wages and Salaries Payable

A minimum wage law is:

• What government employees are paid

• What private sector employees are paid

• What waitresses are paid

• Always set by the government.

T-4’s must be filled out:

• When an employee is hired

• When an employee is laid off

• When an employee receives holiday pay

• Annually

The payroll register does NOT contain:

• Payroll information for the payroll period

• The employee’s name

• Gross Pay

• All cumulative payroll information for each individual employee

• Net pay

EI can be deducted when:

• After 40 hours or more

• After 35 hours or more

• You must be 18 or older

• On any given hours worked

• Over $100.00

To whom are the deductions for medical insurance (not OHIP) paid?

• Provincial government

• Canada Revenue Agency

• Municipal Government

• The employer

• Insurance company provider