Payroll fundamentals 1 Study guides, Class notes & Summaries

Payroll Fundamentals 1 Exam with Correct Answers 100% RQ and CRA define a car allowance as reasonable if: - CORRECT ANSWER-- The allowance is based solely on business kilometres driven in a calendar year - the amount provided is based on the following government-prescribed reasonable guidelines - $0.58 per km for the first 5,000 business km's in the year ($0,62 in the Yukon, NWT & Nunavut) - $0.51 thereafter ($0.56 for YK, NWT, NT) - the employer does not reimburse the employee fo...

Payroll Fundamentals 1 Midterm Exam Q&A A+ Graded Commencement package (Ch.1) - CORRECT ANSWER--Organization specific forms (personal information forms) -Government forms (federal and provincial personal tax credits return) -Benefit forms (insurance enrollment forms) Hiring form (ch.1) - CORRECT ANSWER-May include information on their position such as department, manager, start date, salary/hourly wage, and benefit entitlement Information that must be provided to employees (ch.1) - CO...

FPC Payroll Fundamentals 1.9, 1.10 Questions And Answers FPC Payroll Fundamentals 1.9, 1.10 Questions And Answers

Test Bank for Fundamentals of Taxation 2023 Edition, 16th Edition 16e by Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler and Jinhee Trone. Full Chapters test bank included - all answers are given Chapter 1 - Introduction to Taxation, the Income Tax Formula, and Form 1040 Chapter 2 - Expanded Tax Formula, Form 1040, and Basic Concepts Chapter 3 - Gross Income: Inclusions and Exclusions Chapter 4 - Adjustments for Adjusted Gross Income Chapter 5 - Itemiz...

IRS requires correct answers marital status and allowances are obtained from Form W-4 Major Payroll Tasks correct answers Compliance with federal, state and local regulations Timely and accurate issuance of paychecks Periodic reporting Record retention Control and Security Federal Requirements for a Master File - Employee Data correct answers Name Address Gender Birth date SSN Occupation State where services rendered Federal Requirements for a Master File - Employment Data cor...

FPC - FUNDAMENTAL PAYROLL CERTIFICATION PAYROLL FUNDAMENTALS 1 MIDTERM EXAM 2024 UPDATE WITH VERIFIED QUESTIONS AND ANSWERS |A+ GRADED

Payroll Fundamentals 1 Study Guide Exam Questions and Answers The maximum employee and employer combined contribution limit to a Defined Contribution Pension Plan for 2022 is: - CORRECT ANSWER-30,780.00 Select the order of priority for withholding payroll deductions from an employee's earnings. - CORRECT ANSWER-Statutory deductions, legal deductions, union deductions, company-compulsory deductions, voluntary deductions Registered Retirement Savings Plan contribution limits are based ...

RQ and CRA define a car allowance as reasonable if: - - The allowance is based solely on business kilometres driven in a calendar year - the amount provided is based on the following government-prescribed reasonable guidelines - $0.58 per km for the first 5,000 business km's in the year ($0,62 in the Yukon, NWT & Nunavut) - $0.51 thereafter ($0.56 for YK, NWT, NT) - the employer does not reimburse the employee for expenses related to the same use of the vehicle Personal Driving includ...

Payroll Fundamentals 1 Midterm Exam 2024 Solved Questions & Answers...

Commencement package (Ch.1) - -Organization specific forms (personal information forms) -Government forms (federal and provincial personal tax credits return) -Benefit forms (insurance enrollment forms) Hiring form (ch.1) - May include information on their position such as department, manager, start date, salary/hourly wage, and benefit entitlement Information that must be provided to employees (ch.1) - -Employee name -Date of pay period -Rates of pay and hours of work at each rate -...