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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Individual Pay Calculations | 40% | - Non-regular earnings
|
| Topic 2: Communication and Compliance | 10% | - Stakeholder communication
|
| Topic 3: Termination and Special Payments | 30% | - Termination payments
|
| Topic 4: Record of Employment (ROE) | 20% | - Submission and deadlines
|
Paula is granted a pay increase. The paperwork informing the payroll department of the pay increase is two pay periods late. What method would be used to calculate income taxes on the separate retroactive payment?
Correct Answer: B 🗳️
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An employee in Ontario was paid a $25,000.00 retiring allowance. The eligible portion was $15,000.00 and was transferred to the employee's Registered Retirement Savings Plan (RRSP) by the employer. Calculate the income tax on the non-eligible portion.
Correct Answer: D 🗳️
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Charmaine's employment was terminated by her employer on April 13 of the current year. Charmaine had worked for her employer for 3 years and was paid 3 weeks of legislated wages in lieu of notice and two weeks' vacation pay with her final pay. What date should be recorded in Block 11 on Charmaine's Record of Employment?
Correct Answer: A 🗳️
Explanation: Only visible for Exams4Collection members. You can sign-up / login (it's free).
Phillip is being paid a severance payment with his final pay. Which block should this payment be reported on the Record of Employment?
Correct Answer: B 🗳️
Explanation: Only visible for Exams4Collection members. You can sign-up / login (it's free).
A retiring allowance includes:
Correct Answer: B 🗳️
Explanation: Only visible for Exams4Collection members. You can sign-up / login (it's free).
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