Payroll fundamental - Study guides, Class notes & Summaries

Payroll Fundamentals 1 Test With Questions and Correct Answers. RQ and CRA define a car allowance as reasonable if: - 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 for...

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...

Payroll Fundamentals 1 Test With Questions and Correct Answers . RQ and CRA define a car allowance as reasonable if: - 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 for...

Payroll Fundamentals Latest Exam| Questions And Answers Rated A+ Which of the following regulations is governed by both the state and the federal governments? 1 Method of payment 2 Final pay to a terminated employee 3 Exempt/nonexempt status 4 Breaks Correct Answer: 3 (Both federal and state wage and hour laws govern minimum wage, overtime and an employee's exempt status.) Which of the following amounts are included in the calculation of an employee's regular rate of pay? 1 Pay for ...

Payroll Fundamentals 1 Questions and Answers (Latest Update 2024) 160 Questions

Payroll Fundamentals Verified Questions And Answers | Complete Study Tests Payroll Fundamentals Verified Questions And Answers | Complete Study Tests

The accounting equation states: - Correct Answer Assets = Liabilities + Owners Equity Owner's Equity has two components: - Correct Answer Owner's Equity = Contributed Capital + Retained Earnings Contributed Capital - Correct Answer The amount of payments in cash or assets that the owners have made to the company The accounting equation can be expanded to: - Correct Answer Assets = Liabilties + Contributed Capital + Retained Earnings The 5 different accounts of a typical for-profit ...

The accounting equation states: correct answersAssets = Liabilities + Owners Equity Owner's Equity has two components: correct answersOwner's Equity = Contributed Capital + Retained Earnings Contributed Capital correct answersThe amount of payments in cash or assets that the owners have made to the company The accounting equation can be expanded to: correct answersAssets = Liabilties + Contributed Capital + Retained Earnings The 5 different accounts of a typical for-profit organiza...

FPC Payroll Fundamentals Questions and Answers (Latest Update 2024)