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Guide for PF1: Payroll Fundamentals 1

Quiz PF1: Payroll Fundamentals 1

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/ 10

Quiz

1/10
An employee–employer relationship is deemed to exist when:
Select the answer
1 correct answer
A.
The employee continues to participate in some of the benefit plans that were available while they were employed
B.
The employee refuses the right to be recalled to work
C.
There is no expectation of work to be performed by the employee
D.
The employee continues to accrue benefits in the organization’s pension plan

Quiz

2/10
A paper Record of Employment must be issued:
Select the answer
1 correct answer
A.
When requested by Service Canada
B.
Within five calendar days of an interruption of earnings
C.
When an employer becomes aware of an interruption of earnings exceeding seven calendar days
D.
All of the above

Quiz

3/10
Rosa joined Avion Electronics in April 1983. Her employment was terminated on November 30, 2015
and she was paid a $62,500.00 retiring allowance. Rosa joined her company’s pension plan in 1986 and
was fully vested on termination of employment. Calculate the non-eligible portion of the retiring
allowance.
Select the answer
1 correct answer
A.
$26,000.00
B.
$30,500.00
C.
$32,000.00
D.
$62,500.00

Quiz

4/10
Dollar values attributed to something the employer has either provided to an employee or paid for on an
employee’s behalf are:
Select the answer
1 correct answer
A.
Expense reimbursements
B.
Earnings
C.
Benefits
D.
Allowances

Quiz

5/10
How many pay periods will be used to calculate insurable earnings in Block 15B on the Record of
Employment if the employee is paid weekly?
Select the answer
1 correct answer
A.
Last 7 pay periods (or less if period of employment is shorter)
B.
Last 13 pay periods (or less if period of employment is shorter)
C.
Last 14 pay periods (or less if period of employment is shorter)
D.
Last 27 pay periods (or less if period of employment is shorter)

Quiz

6/10
Which statutory deductions is salary continuance subject to?
Select the answer
1 correct answer
A.
All deductions except Employment Insurance premiums
B.
All deductions
C.
All deductions except Quebec Parental Insurance Plan premiums
D.
All deductions except Employment Insurance and Quebec Parental Insurance Plan premiums

Quiz

7/10
Anthony earns $750.00 per week. He has a cash taxable benefit of $25.00 per week. Anthony is exempt
from CPP contributions. Calculate the net taxable income for the week.
Select the answer
1 correct answer
A.
$725.00
B.
$750.00
C.
$775.00
D.
$800.00

Quiz

8/10
An organization pays the premiums for a sickness or accident plan for their president only. This would be
considered:
Select the answer
1 correct answer
A.
A taxable allowance
B.
A cash taxable benefit
C.
A non-cash taxable benefit
D.
None of the above

Quiz

9/10
Anne Massy works for Liberty Promotions in Nunavut and is provided with a company-leased
automobile. The automobile was in Anne’s possession for 365 days. Of the 34,134 kilometres driven,
15,805 kilometres were for business purposes. The monthly lease cost of the vehicle was $198.60,
excluding GST calculated at 5%. Anne requested in writing that Liberty Promotions use the optional
operating cost method if all conditions apply. She did not reimburse the company for any of the
expenses associated with the automobile. Calculate Anne’s annual automobile taxable benefit.
Select the answer
1 correct answer
A.
$1,668.24
B.
$6,231.86
C.
$7,900.10
D.
$8,500.00

Quiz

10/10
Matt earns $10.10 per hour and works 37.5 hours per week. Calculate Matt’s regular bi-weekly earnings.
Select the answer
1 correct answer
A.
$378.75
B.
$757.50
C.
$1,010.00
D.
$1,515.00
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  • Quiz name:PF1: Payroll Fundamentals 1
  • Total number of questions:73
  • Number of questions for the test:50
  • Pass score:80%

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