Exam 1: Calculation of Gross Earnings , Labour and Employment Standards

Ontario employees may be unpaid during their vacation from work if they receive 4% of their gross earnings in lieu of vacation each pay (or 6% with 5+ years of service).

Free

(True/False)

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Question 1

Correct Answer:

Verified

True

What is the minimum wage per hour that can be paid to an adult employee serving liquor directly to customers as part of their regular work in an Ontario business?

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(Multiple Choice)

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Question 2

Correct Answer:

Verified

C

Frank Hill works for a company with a semi-monthly pay cycle. He earns $80,000 per year and receives over-time paid at time and a half for any approved hours worked in excess of 40 hours per week. He receives a parking allowance of $100 per month and is paid $25 per hour for working on-call on weekends.

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(Essay)

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Question 3

Correct Answer:

Verified

During this pay cycle Frank worked 9 hours of approved over-time this pay cycle and was on-call for 10 hours on Saturday. Calculate Frank's gross earnings for this pay cycle.
$\begin{array}{|c|c|c|}\hline \text{Type of Wage} &\text{ Calculation} & \text{Amount} \\\hline\text{ Regular} & \text{ \$ 80,000÷ 24 pay} \\&\text{periods} & \$ 3,333.33 \\\hline\text{ Overtime }& \$ 80,000 ÷&\$519.21 \\& (40* × 25) \\&\text{=\$ 38.46 regular} \\&\text{rate/hour} \\& 9 ×\$ 38.46×1.5 \\\hline \text{Parking }& \$ 100 ×12 ÷ 24& \$ 50.00\\\text{Allowance}\\\hline \text{On Call Pay }&\text{ \$ 25 / hour }×10&\$250.00 \\&\text{hours}\\\hline\text{ Gross Earnings }& & \$ 4,152.54 \\\hline\end{array}$

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

(Multiple Choice)

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Question 4

The following is not an example of a taxable allowance:

(Multiple Choice)

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Question 5

If Mary earns $260,000 per year how much does she earn per week?

(Multiple Choice)

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Question 6

An Ontario employer can offer an entry level wage of $12 per hour to new adult employees who do not serve liquor.

(True/False)

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Question 7

Amblake Co. offers a $600 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.

(True/False)

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Question 8

What is the minimum wage per hour that can be paid to a student under the age of 18 doing paid work in their own home in an Ontario business?

(Multiple Choice)

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Question 9

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

(Multiple Choice)

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Question 10

What is the minimum wage per hour that can be paid to an adult employee NOT serving liquor directly to customers as part of their regular work in a British Columbia business?

(Multiple Choice)

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Question 11

A Quebec employer can offer an entry level wage of $12 per hour to new adult employees who do not serve liquor.

(True/False)

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Question 12

Ontario employees may be unpaid during their vacation from work if they receive 4% of their gross earnings in lieu of vacation each pay (or 6% with 5+ years of service).

What is the minimum wage per hour that can be paid to an adult employee serving liquor directly to customers as part of their regular work in an Ontario business?

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

The following is not an example of a taxable allowance:

If Mary earns $260,000 per year how much does she earn per week?

An Ontario employer can offer an entry level wage of $12 per hour to new adult employees who do not serve liquor.

Amblake Co. offers a $600 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.

What is the minimum wage per hour that can be paid to a student under the age of 18 doing paid work in their own home in an Ontario business?

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

What is the minimum wage per hour that can be paid to an adult employee NOT serving liquor directly to customers as part of their regular work in a British Columbia business?

A Quebec employer can offer an entry level wage of $12 per hour to new adult employees who do not serve liquor.

Pensionable, Insurable and Taxable Earnings

Calculation of Net Pay , Employer Payroll Taxes and Premiums

Accounting for Payroll

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