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National Payroll Institute Payroll Fundamentals 1Exam Sample Questions:
1. Feraz Dalia is due $12,523.00 in legislated wages in lieu of notice that will be added to his last weekly pay of
$1,080.00. Calculate Feraz's Employment Insurance (EI) premium, if his employer is situated in Saskatchewan and the yearly maximum contribution will not be exceeded.
2. Ursula is 17 years old, works in Quebec and earns $750.00 weekly. Ursula pays weekly union dues of $18.00 along with a special weekly union assessment of $10.00 for construction of a new union hall for its members.
Ursula also has registered pension plan (RPP) contributions of $20.00 deducted from each pay. Calculate Ursula's net federal taxable income.
3. In Block 6 of the Record of Employment, what pay period type is entered for employees who are paid salary plus regularly paid commission?
A) Monthly
B) Irregular
C) Weekly
D) Depends on the pay period frequency
4. A Third Party Demand is issued by the Canada Revenue Agency for:
A) A debt owed to a third party creditor
B) Outstanding child support and/or maintenance payments
C) Unpaid income taxes or unpaid statutory deductions
D) Overpaid Employment Insurance benefits
5. An organization pays the premiums for a sickness or accident plan for their president only. This would be considered:
A) A non-cash taxable benefit
B) A taxable allowance
C) A cash taxable benefit
D) None of the above
Solutions:
Question # 1 Answer: Only visible for members | Question # 2 Answer: Only visible for members | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: A |