Question 1

Use of a company gym on site (recreational facility) is:

Accepted Answer

A)  Not taxable 
B)  Taxable with CPP and EI deductions 
C)  Taxable with CPP deductions but not EI 
D)  Taxable with EI deductions but not CPP 
E)  Not taxable but subject to CPP deductions 
A)  Not taxable 
B)  Taxable with CPP and EI deductions 
C)  Taxable with CPP deductions but not EI 
D)  Taxable with EI deductions but not CPP 
E)  Not taxable but subject to CPP deductions C

Question 2

Cash reimbursement for money spent to pay for office supplies such as postage stamps are:

Accepted Answer

A)  Not taxable 
B)  Taxable with CPP and EI deductions 
C)  Taxable with CPP deductions but not EI 
D)  Taxable with EI deductions but not CPP 
E)  Not taxable but subject to CPP deductions 
A)  Not taxable 
B)  Taxable with CPP and EI deductions 
C)  Taxable with CPP deductions but not EI 
D)  Taxable with EI deductions but not CPP 
E)  Not taxable but subject to CPP deductions A

Question 3

Amblake Co. offers a $500 prize to employees who have completed a voluntary survey to help them gather information about employee engagement. This bonus does not have to be taxed.

Accepted Answer

A) True 
 B)False  False

Question 4

Sophie Gowna works for a company with a bi-weekly pay cycle. She earns $30 per hour and receives over-time paid at time and a half for any hours worked over 37.5 in one week. Sophie receives a cash company car allowance of $300 per month and is paid 8% vacation pay on hours worked. She also is receiving a
 $973.45 cash reimbursement of travel expenses incurred for the company last month. During this pay cycle Sophie worked 40 hours in the first week and 35 hours in the second. Calculate Sophie's gross earnings for this pay cycle.

Accepted Answer

\[\begin{array} { | l | l | l | } 
\hlin

Question 5

List 3 examples of taxable benefit.

Accepted Answer

Solutions could include:
Personal use of

Question 6

The following is not an example of a taxable allowance: (select as many as apply)

Accepted Answer

A)  Cash paid to cover travel expenses such as hotels, airfare, taxis, meals, etc. 
B)  Cash paid to an employee to purchase clothing to wear on the job. 
C)  Cash paid to cover the cost of a car when asked to use own vehicle for company business. 
D)  Cash paid to cover entertainment costs for the benefit of the company. 
E)  Cash paid to cover living expenses when required to work away from normal residence. 
A)  Cash paid to cover travel expenses such as hotels, airfare, taxis, meals, etc. 
B)  Cash paid to an employee to purchase clothing to wear on the job. 
C)  Cash paid to cover the cost of a car when asked to use own vehicle for company business. 
D)  Cash paid to cover entertainment costs for the benefit of the company. 
E)  Cash paid to cover living expenses when required to work away from normal residence.

Question 7

Employees who earn a salary can be asked to work more than 44 hours in a week without being entitled to overtime pay.

Accepted Answer

A) True 
 B)False

Question 8

If an employee earns a salary of $58,500 per year, their semi-monthly pay cycle salary would be:

Accepted Answer

A)  $2,437.50 
B)  $562.50 
C)  $4,875.00 
D)  $1,125.00 
E)  $2,250.00 
A)  $2,437.50 
B)  $562.50 
C)  $4,875.00 
D)  $1,125.00 
E)  $2,250.00

Question 9

What information is required to utilize the Canada Revenue Agency online calculator of the automobile taxable benefit?

Accepted Answer

The original cost of the vehicle
The num

Question 10

If Sue earns $55 per hour and works 15 hours, what is her gross pay for the period?

Accepted Answer

A)  $55 
B)  $1,235.70 
C)  $825 
D)  $15 
E)  $750 
A)  $55 
B)  $1,235.70 
C)  $825 
D)  $15 
E)  $750

Question 11

Reimbursement of costs covered by employees on behalf of the employer such as travel expenses and meal allowances:

Accepted Answer

A)  Are reported as part of gross wages. 
B)  Increase the employee's taxable income. 
C)  Must be below $300 per person per calendar year. 
D)  Must be reported on a T4 to the Canada Revenue Agency. 
E)  Are paid through Accounts Payable and do not impact deductions. 
A)  Are reported as part of gross wages. 
B)  Increase the employee's taxable income. 
C)  Must be below $300 per person per calendar year. 
D)  Must be reported on a T4 to the Canada Revenue Agency. 
E)  Are paid through Accounts Payable and do not impact deductions.

Question 12

Rachel works at Taco Bell and receives a free meal at the end of each shift. This meal must be included in her pay calculation as a taxable benefit.

Accepted Answer

A) True 
 B)False

Question 13

An example of a taxable benefit would be:

Accepted Answer

A)  Use of a company car while working. 
B)  A paid gym membership. 
C)  Tuition paid for a WordPress course required for work. 
D)  An ergonomic chair provided for the employee to use at the office. 
E)  Airline tickets to travel to an office event. 
A)  Use of a company car while working. 
B)  A paid gym membership. 
C)  Tuition paid for a WordPress course required for work. 
D)  An ergonomic chair provided for the employee to use at the office. 
E)  Airline tickets to travel to an office event.

Question 14

If an employee earns a salary of $58,500 per year, their weekly pay cycle salary would be:

Accepted Answer

A)  $2,250.00 
B)  $4,875.00 
C)  $1,125.00 
D)  $562.50 
E)  $2,437.50 
A)  $2,250.00 
B)  $4,875.00 
C)  $1,125.00 
D)  $562.50 
E)  $2,437.50

Question 15

Fred Vedaro is paid bi-weekly and earns $15 per hour with overtime paid after 44 hours in one week. Fred works 48 hours in the first week and 39 in the second. Vacation pay at 4% will be paid on each pay cycle. Calculate Fred's gross wages for this two week period.

Accepted Answer

The answer of Fred Vedaro is paid bi-weekly and earns...

Question 16

Payments for guests travelling with an employee, in cash are:

Accepted Answer

A)  Not taxable 
B)  Taxable with CPP and EI deductions 
C)  Taxable with CPP deductions but not EI 
D)  Taxable with EI deductions but not CPP 
E)  Not taxable but subject to CPP deductions 
A)  Not taxable 
B)  Taxable with CPP and EI deductions 
C)  Taxable with CPP deductions but not EI 
D)  Taxable with EI deductions but not CPP 
E)  Not taxable but subject to CPP deductions

Question 17

Cell phone service paid for by the employer for the employee's personal use is:

Accepted Answer

A)  Not taxable 
B)  Taxable with CPP and EI deductions 
C)  Taxable with CPP deductions but not EI 
D)  Taxable with EI deductions but not CPP 
E)  Not taxable but subject to CPP deductions 
A)  Not taxable 
B)  Taxable with CPP and EI deductions 
C)  Taxable with CPP deductions but not EI 
D)  Taxable with EI deductions but not CPP 
E)  Not taxable but subject to CPP deductions

Question 18

The pay cycle is determined by the Canada Revenue Agency and cannot be altered by the employer.

Accepted Answer

A) True 
 B)False

Question 19

Mary has a job as waitress at a small restaurant. Tips are pooled in a jar and distributed back to employees at the end of each shift by the manager. These tips are not considered taxable income because they are funded by the patrons rather than the owner of the business.

Accepted Answer

A) True 
 B)False

Question 20

Martha Jovia is paid weekly and earns $25 per hour with overtime paid after 44 hours in one week or 8 hours in one day. Martha worked 4 hours on Sunday, 8 hours on Monday, 10 on Tuesday, 7 on Wednesday and nothing for the remainder of the week. Vacation pay at 6% will be paid on each pay cycle. She also earns a shift premium of 5% for each hour worked on a weekend. Calculate Martha's gross wages for this one week period.

Accepted Answer

None

Use of a company gym on site (recreational facility) is:

Cash reimbursement for money spent to pay for office supplies such as postage stamps are:

Amblake Co. offers a $500 prize to employees who have completed a voluntary survey to help them gather information about employee engagement. This bonus does not have to be taxed.

List 3 examples of taxable benefit.

The following is not an example of a taxable allowance: (select as many as apply)

Employees who earn a salary can be asked to work more than 44 hours in a week without being entitled to overtime pay.

If an employee earns a salary of $58,500 per year, their semi-monthly pay cycle salary would be:

What information is required to utilize the Canada Revenue Agency online calculator of the automobile taxable benefit?

If Sue earns $55 per hour and works 15 hours, what is her gross pay for the period?

Reimbursement of costs covered by employees on behalf of the employer such as travel expenses and meal allowances:

Rachel works at Taco Bell and receives a free meal at the end of each shift. This meal must be included in her pay calculation as a taxable benefit.

An example of a taxable benefit would be:

If an employee earns a salary of $58,500 per year, their weekly pay cycle salary would be:

Fred Vedaro is paid bi-weekly and earns $15 per hour with overtime paid after 44 hours in one week. Fred works 48 hours in the first week and 39 in the second. Vacation pay at 4% will be paid on each pay cycle. Calculate Fred's gross wages for this two week period.

Payments for guests travelling with an employee, in cash are:

Cell phone service paid for by the employer for the employee's personal use is:

The pay cycle is determined by the Canada Revenue Agency and cannot be altered by the employer.

Mary has a job as waitress at a small restaurant. Tips are pooled in a jar and distributed back to employees at the end of each shift by the manager. These tips are not considered taxable income because they are funded by the patrons rather than the owner of the business.

Employment and Payroll Regulations

Understanding Employment Standards Legislation and Compensation Offerings

Canadian Payroll Deductions: CPP and EI Contributions, Exemptions, and Deductions

Employee Payroll and Deduction Policies and Guidelines

Payroll and Benefits: Common Misconceptions and Calculation Methods

Employer Obligations and Requirements: A Comprehensive Guide to Statutory Deductions and Registrations in Canada

Payroll and General Ledger FAQS

Computer Processing Choices, Non-Recurring Payments, Integrated Systems, and Software Considerations in Payroll Processing

Payment Voucher

Termination and Record of Employment: Important Considerations and Procedures

Important Information About T4 Forms and Filing Requirements

Filters

Exam 3: Determining Taxable Allowances for Employees

Use of a company gym on site (recreational facility) is:

Cash reimbursement for money spent to pay for office supplies such as postage stamps are:

Amblake Co. offers a $500 prize to employees who have completed a voluntary survey to help them gather information about employee engagement. This bonus does not have to be taxed.

List 3 examples of taxable benefit.

The following is not an example of a taxable allowance: (select as many as apply)

Employees who earn a salary can be asked to work more than 44 hours in a week without being entitled to overtime pay.

If an employee earns a salary of $58,500 per year, their semi-monthly pay cycle salary would be:

What information is required to utilize the Canada Revenue Agency online calculator of the automobile taxable benefit?

If Sue earns $55 per hour and works 15 hours, what is her gross pay for the period?

Reimbursement of costs covered by employees on behalf of the employer such as travel expenses and meal allowances:

Rachel works at Taco Bell and receives a free meal at the end of each shift. This meal must be included in her pay calculation as a taxable benefit.

An example of a taxable benefit would be:

If an employee earns a salary of $58,500 per year, their weekly pay cycle salary would be:

Fred Vedaro is paid bi-weekly and earns $15 per hour with overtime paid after 44 hours in one week. Fred works 48 hours in the first week and 39 in the second. Vacation pay at 4% will be paid on each pay cycle. Calculate Fred's gross wages for this two week period.

Payments for guests travelling with an employee, in cash are:

Cell phone service paid for by the employer for the employee's personal use is:

The pay cycle is determined by the Canada Revenue Agency and cannot be altered by the employer.

Mary has a job as waitress at a small restaurant. Tips are pooled in a jar and distributed back to employees at the end of each shift by the manager. These tips are not considered taxable income because they are funded by the patrons rather than the owner of the business.

Employment and Payroll Regulations

Understanding Employment Standards Legislation and Compensation Offerings

Canadian Payroll Deductions: CPP and EI Contributions, Exemptions, and Deductions

Employee Payroll and Deduction Policies and Guidelines

Payroll and Benefits: Common Misconceptions and Calculation Methods

Employer Obligations and Requirements: A Comprehensive Guide to Statutory Deductions and Registrations in Canada

Payroll and General Ledger FAQS

Computer Processing Choices, Non-Recurring Payments, Integrated Systems, and Software Considerations in Payroll Processing

Payment Voucher

Termination and Record of Employment: Important Considerations and Procedures

Important Information About T4 Forms and Filing Requirements

Filters