Test bank For Payroll &
Benefits-Chapter 1: Introduction to
Canadian Payroll 7th Edition by Alan
Dryden
What is often the single largest operating cost for a business? - ANSPayroll costs
What are the key considerations of payroll administration? - ANS-accuracy
-timeliness
-resourcefulness
What 3 basic questions must be addressed before you pay? - ANS1. Is the worker an employee
or are they providing a contracted service?
2. If they are an employee, does federal or provincial jurisdiction apply?
3. Who are the stakeholders and what are their needs?
What is an employer obligated to due in an employee/employer relationship? - ANS-Withhold
CPP, EI, and income tax contributions
-Pay employer contributions and premiums
-Remit deductions and employer contributions to CRA
What happens if an employer fails to withhold and remit contributions? - ANSFailure to withhold
and remit can result in penalties
What 3 steps are used to evaluate a contract for work? - ANS1. Examine the intent of the
parties on entering the contract
2. Determine if the employment meets the definitions of a contract of employment
3. Compare the intention of the parties to the contract to the actual working relationship
What is a Social Insurance Number(SIN)? - ANS-personal account number with the government
-issued by service Canada
How do you know is a Social Insurance Number is temporary? - ANSThe first digit will be 9
What does the last digit of the Social Insurance Number represent? - ANS-A "Check Figure":
Formula validating SIN is included in most payroll software
How soon must an employees SIN be requested after their start date? - ANSWithin 3 days
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