Payroll Liabilities MCQs

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A company deducts $230 in Employment Insurance and $195 in Canada Pension from the weekly payroll of its employees. Calculate the company’s expense ...






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Which of the following statements is false?






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An employee’s Individual Earnings Record provides a(n) ___________ summary of the employee’s working time, gross earnings, deductions, and net pay...






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Which of the following statements is true?






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The employer must remit an Employment Insurance tax ______________the amount withheld from all employees.






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Which of the following statements is false regarding Employment Insurance coverage?






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Which of the following statements is true?






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Sally works 48 hours in a week in June. She is paid $10 per hour for regular hours and double-time for overtime. Employees are expected to work a stan...






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Anne is paid a salary of $500 per week. Withholdings include CPP of $20, EI of $15 and tax of $100. The journal entry to record her payroll will inclu...






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The following document is not included in the payroll cycle: