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How to maintain an individual’s earnings record. 1) The amount of Gross Earnings, Income

How to maintain an individual’s earnings record. 1) The amount of Gross Earnings, Income

 How to maintain an individual’s earnings record.

 

1) The amount of Gross Earnings, Income Tax, CPP and EI deducted is reported to the employee at the end of the year on a(n)

A) Record of Employment.

B) Payroll Summary.

C) T4.

D) Employee Earnings Record.

 

2) The amount deducted for CPP is reported at the end of the year to the employee on a(n)

A) TD1.

B) Record of Employment.

C) Payroll Register.

D) T4.

 

3) The amount of EI deducted is reported at the end of the year on a(n)

A) TD1.

B) Record of Employment.

C) Payroll Register.

D) T4.

 

4) The individual employee earnings record provides a summary of all of the following for a single employee EXCEPT

A) earnings.

B) withholding taxes.

C) net pay.

D) allowances.

 

5) A calendar quarter consists of

A) 13 weeks.

B) 12 weeks.

C) 14 weeks.

D) 4 months.

 

6) The employee's individual earnings record contains the information about an employee's gross earnings, deductions, and net pay for each payroll period.

 

7) The T4 contains information about the employee's earnings, statutory deductions and social insurance number.

 

8) The T4 is issued by the employee on leaving an employer.

 

9) Why is it important for an employee to complete a TD1 form?

 

10) Name and describe the special form that must be filled out by the employing company and returned to the federal government when an employee leaves that company's employ.

 

11) Each spring the Northern Forest Management Company needs extra tree fallers. This means that each spring 50 temporary workers are hired for a week period, working 40 hours per week at $11 per hour, and then they are laid off.

 

Please advise your thoughts on whether there is any advantage to asking 200 of the 500 permanent employees of Northern Forest Management -- who make $18 per hour -- to work 2 hours of overtime

Tripti 06-Dec-2019

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