Payroll Fundamentals 1 Questions and Answers
100% Correct
Save
Terms in this set (162)
- The allowance is based solely on business
kilometres driven in a calendar year
- the amount provided is based on the following
RQ and CRA define a car government-prescribed reasonable guidelines
allowance as reasonable - $0.58 per km for the first 5,000 business km's in the
if: 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
- vacation travel
- driving to conduct personal business
Personal Driving includes:
- travel between home and work, even if the
employer insists the employee drive the vehicle home
- driving to existing and prospective clients, points of
call, and other office locations of the employer
- when an employee travels directly from home to a
point of call, which is not the employer's place of
Business driving includes:
business where the employee regularly reports for
work
- when the employees travels home directly from a
point of call
, The number of thirty-day periods that the automobile
is available to the employee for the current taxation
Availability (automobiles)
year. The employee has access to or control over the
vehicle.
A motor vehicle that is designed or adapted to
primarily carry individuals on highways and streets,
Automobile
and has seating capacity of not more than the driver
and eight passengers
The amount is considered pensionable, insurable and
If a gift or award is given
taxable to the employee, subject to all statutory
to an employee in cash
deductions
- overtime is done at the employer's request and is
expected to last for at least two consecutive hours
Overtime meal allowance - overtime is done rarely or on an occasional basis
is considered non-taxable - the meal expenses are reimbursed upon
if (RQ): presentation of receipts
- the meal expenses reimbursed or the value of the
meal provided is reasonable
- Earnings
The four categories of - Allowances
employment income - Benefits
- Taxable expense reimbursement
Dollar amounts the employer pays an employee for
Earnings
the work they perform
- a salary
- a rate for each hour worked
- a rate per piece of goods produced or picked
Types of earnings - a disability payment for time off work due to illness
- a payment for vacation time
- a premium payment for overtime hours worked
- a premium payment for hours worked on shift
Additional dollar amounts paid to employees for the
Allowances use, or anticipated use, of their personal property for
business purposes
100% Correct
Save
Terms in this set (162)
- The allowance is based solely on business
kilometres driven in a calendar year
- the amount provided is based on the following
RQ and CRA define a car government-prescribed reasonable guidelines
allowance as reasonable - $0.58 per km for the first 5,000 business km's in the
if: 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
- vacation travel
- driving to conduct personal business
Personal Driving includes:
- travel between home and work, even if the
employer insists the employee drive the vehicle home
- driving to existing and prospective clients, points of
call, and other office locations of the employer
- when an employee travels directly from home to a
point of call, which is not the employer's place of
Business driving includes:
business where the employee regularly reports for
work
- when the employees travels home directly from a
point of call
, The number of thirty-day periods that the automobile
is available to the employee for the current taxation
Availability (automobiles)
year. The employee has access to or control over the
vehicle.
A motor vehicle that is designed or adapted to
primarily carry individuals on highways and streets,
Automobile
and has seating capacity of not more than the driver
and eight passengers
The amount is considered pensionable, insurable and
If a gift or award is given
taxable to the employee, subject to all statutory
to an employee in cash
deductions
- overtime is done at the employer's request and is
expected to last for at least two consecutive hours
Overtime meal allowance - overtime is done rarely or on an occasional basis
is considered non-taxable - the meal expenses are reimbursed upon
if (RQ): presentation of receipts
- the meal expenses reimbursed or the value of the
meal provided is reasonable
- Earnings
The four categories of - Allowances
employment income - Benefits
- Taxable expense reimbursement
Dollar amounts the employer pays an employee for
Earnings
the work they perform
- a salary
- a rate for each hour worked
- a rate per piece of goods produced or picked
Types of earnings - a disability payment for time off work due to illness
- a payment for vacation time
- a premium payment for overtime hours worked
- a premium payment for hours worked on shift
Additional dollar amounts paid to employees for the
Allowances use, or anticipated use, of their personal property for
business purposes
