Question 1

A separate T4 summary will need to be filed for every employee on payroll.

Accepted Answer

A) True 
 B)False  False

Question 2

Employers are welcome to continue using paper T4 forms no matter how many employees they have.

Accepted Answer

A) True 
 B)False  False

Question 3

Create a version of a year-end checklist that you could use for working as a payroll administrator in a small to medium size business.

Accepted Answer

Solution could include any of the following: To be able to complete the current year:
Have taxable company car benefits updated prior to final pay processing.
Ensure that all manual cheques are recorded in the payroll registers prior to final processing. To prepare for year-end reporting:
Have all required forms on hand.
Ensure that all remittances have been reconciled to online account information or statements from each agency and government department.
Co-ordinate with the accountant or accounting department to be able to reconcile financial records to the T4 summary.
Have each reporting date, along with adequate preparation time marked on the calendar. Prepare for the processing in the new year by:
Having all tables updated for any changed rates.
Any outstanding amounts owed to employees, such as accrued vacation pay should be carried forward in the payroll records.
Communicate to employees the expected impact of changes to tax rates, exemptions or other impacts to net pay.

Question 4

When are personal tax filings typically due?

Accepted Answer

A)  By April 15th of the subsequent year 
B)  By April 30th of the subsequent year 
C)  By April 1st of the subsequent year 
D)  By the last day of February of the subsequent year 
E)  By December 31st of the current year 
A)  By April 15th of the subsequent year 
B)  By April 30th of the subsequent year 
C)  By April 1st of the subsequent year 
D)  By the last day of February of the subsequent year 
E)  By December 31st of the current year

Question 5

If there is a balance in this line of the T4 summary, you will need to send payment upon filing.

Accepted Answer

A)  Line 80 
B)  Line 82 
C)  Line 84 
D)  Line 86 
E)  Line 88 
A)  Line 80 
B)  Line 82 
C)  Line 84 
D)  Line 86 
E)  Line 88

Question 6

What do you do if you do not have the SIN when completing a T4?

Accepted Answer

A)  Do not file the T4 
B)  Leave it blank 
C)  Enter nine 0's 
D)  Enter nine 9's 
E)  Use your SIN 
A)  Do not file the T4 
B)  Leave it blank 
C)  Enter nine 0's 
D)  Enter nine 9's 
E)  Use your SIN

Question 7

Why is January such a busy time for payroll administrators?

Accepted Answer

At the end of each calendar year reports

Question 8

If an employee is under the age of 18, what additional T4 box will need to be adjusted for them?

Accepted Answer

A)  Box 44 
B)  Box 26 
C)  Box 24 
D)  Box 22 
E)  Box 28 
A)  Box 44 
B)  Box 26 
C)  Box 24 
D)  Box 22 
E)  Box 28

Question 9

Include this in Box 14 of the T4:

Accepted Answer

A)  All employment income less deductions made for the year 
B)  All salary and wages excluding bonus and vacation pay 
C)  All federal and provincial taxes deducted 
D)  All employment income before deductions 
E)  All salary, wages, severance, RRSP payments, and bonuses 
A)  All employment income less deductions made for the year 
B)  All salary and wages excluding bonus and vacation pay 
C)  All federal and provincial taxes deducted 
D)  All employment income before deductions 
E)  All salary, wages, severance, RRSP payments, and bonuses

Question 10

The Ontario government requires that employers submit an Ontario Health Tax Return by:

Accepted Answer

A)  April 15th of the subsequent year 
B)  March 31st of the subsequent year 
C)  December 31st of the current year 
D)  The last day of February of the subsequent year 
E)  April 30th of the subsequent year 
A)  April 15th of the subsequent year 
B)  March 31st of the subsequent year 
C)  December 31st of the current year 
D)  The last day of February of the subsequent year 
E)  April 30th of the subsequent year

Question 11

First time offenders who file the Ontario Health Tax Return late may face penalties of up------------ to of the tax owing.

Accepted Answer

A)  50% 
B)  38% 
C)  8% 
D)  17% 
E)  20% 
A)  50% 
B)  38% 
C)  8% 
D)  17% 
E)  20%

Question 12

Ontario Health Tax payable is based on:

Accepted Answer

A)  Total Canada Pension Plan Contributions 
B)  Total Ontario Remuneration 
C)  Total Net Pay 
D)  Total Vacation Payable 
E)  Total Employment Insurance Premiums 
A)  Total Canada Pension Plan Contributions 
B)  Total Ontario Remuneration 
C)  Total Net Pay 
D)  Total Vacation Payable 
E)  Total Employment Insurance Premiums

Question 13

What are the possible penalties for failing to file T4s and the T4 summary by the due date?

Accepted Answer

A)  Public reprimand 
B)  Monetary penalties 
C)  Community service 
D)  Removal of operating privileges 
E)  Incarceration 
A)  Public reprimand 
B)  Monetary penalties 
C)  Community service 
D)  Removal of operating privileges 
E)  Incarceration

Question 14

When must the T4 slip be submitted to the Canada Revenue Agency by?

Accepted Answer

A)  By April 15th of the subsequent year 
B)  By April 30th of the subsequent year 
C)  By April 1st of the subsequent year 
D)  By the last day of February of the subsequent year 
E)  By December 31st of the current year 
A)  By April 15th of the subsequent year 
B)  By April 30th of the subsequent year 
C)  By April 1st of the subsequent year 
D)  By the last day of February of the subsequent year 
E)  By December 31st of the current year

Question 15

If an employer has greater than-------------- employees, they must submit T4selectronically through the internet.

Accepted Answer

A)  50 
B)  25 
C)  500 
D)  5 
E)  100 
A)  50 
B)  25 
C)  500 
D)  5 
E)  100

Question 16

This deductions from Gross Earnings is not allowed in the annual Workers Compensation Reconciliation Form.

Accepted Answer

A)  Non-insurable gross earnings for out of province workers 
B)  Executive Officer's earnings 
C)  Excess earnings over the assessable maximum per employee 
D)  Contractors' Earnings for contractors not supplying a clearance certificate 
E)  Non-insurable gross earnings 
A)  Non-insurable gross earnings for out of province workers 
B)  Executive Officer's earnings 
C)  Excess earnings over the assessable maximum per employee 
D)  Contractors' Earnings for contractors not supplying a clearance certificate 
E)  Non-insurable gross earnings

Question 17

It is permissible to send different versions of T4s to CRA than the employee receives.

Accepted Answer

A) True 
 B)False

Question 18

What do employees use T4 forms for?

Accepted Answer

A)  To apply for Workers Compensation 
B)  To include in their annual Christmas Cards 
C)  To prepare and submit their personal income tax return 
D)  To prepare and submit the company income tax return 
E)  To apply for Employment Insurance benefits 
A)  To apply for Workers Compensation 
B)  To include in their annual Christmas Cards 
C)  To prepare and submit their personal income tax return 
D)  To prepare and submit the company income tax return 
E)  To apply for Employment Insurance benefits

Question 19

Repeat offenders for late filing of the Ontario Health Tax Return may face stiffer penalties than first offenders.

Accepted Answer

A) True 
 B)False

Question 20

If the Ontario Workers Compensation Reconciliation Form shows that the total premium owed is less than the total premium remitted for the calendar year, a(n)______ must accompany the filing.

Accepted Answer

A)  Cheque 
B)  Gift 
C)  Explanation 
D)  Resignation 
E)  Apology 
A)  Cheque 
B)  Gift 
C)  Explanation 
D)  Resignation 
E)  Apology

A separate T4 summary will need to be filed for every employee on payroll.

Employers are welcome to continue using paper T4 forms no matter how many employees they have.

Create a version of a year-end checklist that you could use for working as a payroll administrator in a small to medium size business.

When are personal tax filings typically due?

If there is a balance in this line of the T4 summary, you will need to send payment upon filing.

What do you do if you do not have the SIN when completing a T4?

Why is January such a busy time for payroll administrators?

If an employee is under the age of 18, what additional T4 box will need to be adjusted for them?

Include this in Box 14 of the T4:

The Ontario government requires that employers submit an Ontario Health Tax Return by:

First time offenders who file the Ontario Health Tax Return late may face penalties of up------------ to of the tax owing.

Ontario Health Tax payable is based on:

What are the possible penalties for failing to file T4s and the T4 summary by the due date?

When must the T4 slip be submitted to the Canada Revenue Agency by?

If an employer has greater than-------------- employees, they must submit T4selectronically through the internet.

This deductions from Gross Earnings is not allowed in the annual Workers Compensation Reconciliation Form.

It is permissible to send different versions of T4s to CRA than the employee receives.

What do employees use T4 forms for?

Repeat offenders for late filing of the Ontario Health Tax Return may face stiffer penalties than first offenders.

If the Ontario Workers Compensation Reconciliation Form shows that the total premium owed is less than the total premium remitted for the calendar year, a(n)______ must accompany the filing.

Employment and Payroll Regulations

Understanding Employment Standards Legislation and Compensation Offerings

Determining Taxable Allowances for Employees

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

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Exam 12: Important Information About T4 Forms and Filing Requirements

A separate T4 summary will need to be filed for every employee on payroll.

Employers are welcome to continue using paper T4 forms no matter how many employees they have.

Create a version of a year-end checklist that you could use for working as a payroll administrator in a small to medium size business.

When are personal tax filings typically due?

If there is a balance in this line of the T4 summary, you will need to send payment upon filing.

What do you do if you do not have the SIN when completing a T4?

Why is January such a busy time for payroll administrators?

If an employee is under the age of 18, what additional T4 box will need to be adjusted for them?

Include this in Box 14 of the T4:

The Ontario government requires that employers submit an Ontario Health Tax Return by:

First time offenders who file the Ontario Health Tax Return late may face penalties of up------------ to of the tax owing.

Ontario Health Tax payable is based on:

What are the possible penalties for failing to file T4s and the T4 summary by the due date?

When must the T4 slip be submitted to the Canada Revenue Agency by?

If an employer has greater than-------------- employees, they must submit T4selectronically through the internet.

This deductions from Gross Earnings is not allowed in the annual Workers Compensation Reconciliation Form.

It is permissible to send different versions of T4s to CRA than the employee receives.

What do employees use T4 forms for?

Repeat offenders for late filing of the Ontario Health Tax Return may face stiffer penalties than first offenders.

If the Ontario Workers Compensation Reconciliation Form shows that the total premium owed is less than the total premium remitted for the calendar year, a(n)______ must accompany the filing.

Employment and Payroll Regulations

Understanding Employment Standards Legislation and Compensation Offerings

Determining Taxable Allowances for Employees

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

Filters