National Payroll Institute Payroll Fundamentals 1Exam - PF1 Exam Practice Test
In which province or territory is the employer-paid premium for private health insurance coverage that includes dental and prescription coverage considered to be a non-cash taxable benefit?
Correct Answer: C
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Helen is reimbursed for the cost of the protective clothing that is legally required for her job. The clothing she bought isnot supported by receiptsand is a reasonable reimbursement amount. This is considered:
Correct Answer: A
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In Block 12 of the Record of Employment, the final pay period ending date for employees who are paid solely by commission or are paid salary plus irregularly paid commission will be:
Correct Answer: B
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Select the correct order of priority for withholding payroll deductions from an employee's earnings.
Correct Answer: A
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Vacation pay on termination would be recorded in which Block(s) on the Record of Employment?
Correct Answer: D
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The Canada Revenue Agency form that is completed to allow a commissioned employee to claim non- reimbursed expenses at source is a:
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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A death benefit is a:
Correct Answer: A
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