Payroll Fundamentals 1 Midterm ACTUAL EXAM
2026 TEST COMPREHENSIVE QUESTIONS AND
VERIFIED ANSWERS (DETAILED & ELABORATED)
100% SOLVED 2026!!
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Terms in this set (94)
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 -Employee name
employees (ch.1) -Date of pay period
-Rates of pay and hours of work at each rate
-Gross earnings
-Itemized deductions
-Net pay
,TD1- WS is used to calculate partial -Age
claim amounts for... (ch.1) -Canada caregiver amount for eligible dependent
or spouse or common-law partner
-Canada caregiver amount for dependent(s) age 18
or over
Federal TD1, Provincial/territorial TD1, -Name
and Quebec TP-1015.3-V require... -Date of birth
(ch.1) -Social insurance number
Other credits employees can claim -Being a caregiver
on their Federal and -Being over 65
Provincial/Territorial TD1 to lower -Receiving a pension
taxes (ch.1) -Being or supporting a student in post-secondary
studies
-Being disabled
-Supporting a spouce
-Living alone (Quebec)
-Having children under 18 (Saskatchewan and
Yukon)
Do you have to claim basic personal -No, if only doing basic
provincial/territorial credits? (ch.1) -Yes, if claiming children under 18 (Sakatchewan
and Yukon)
-Yes, always (Quebec)
Employers should review TD1 and TP- -Correct employee name, Date of birth, Address,
1015.3-V forms to ensure (ch.2) and SIN
-Correct amounts on the form
-Amounts claimed are totaled correctly
-Form does not contain obvious false statements
-The form is signed a dated
, What certain information must -Name
appear on an employee's statement -Rate of pay and hours worked at each rate
of wages? (ch.2) -Date of pay period
-Gross and net pay
-Itemized deductions
Renumeration (ch.2) Employee received compensation or pay for the
services they perform
-AKA employee income when employer-employee
relationship exists
Employee income can be -Earnings
categorized into what? (ch.2) -Allowances
-Benefits
-Taxable expense reimbursements
Earnings can be paid as... (ch.2) -Salary
-Rate for each hour worked
-Rate per piece of goods produced or picked
-Disability payment for time off due to illness
-Payment for vacation time
-Premium payment for overtime
-Premium payment for hours worked on a shift
Earnings are... (ch.2) -Pensionable
-Insurable
-Taxable
...therefore subject to all statutory deductions
Define allowances (ch.2) The additional dollar amounts paid to employees
for the use, or anticipated use of their personal
property for business purposes
2026 TEST COMPREHENSIVE QUESTIONS AND
VERIFIED ANSWERS (DETAILED & ELABORATED)
100% SOLVED 2026!!
Save
Terms in this set (94)
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 -Employee name
employees (ch.1) -Date of pay period
-Rates of pay and hours of work at each rate
-Gross earnings
-Itemized deductions
-Net pay
,TD1- WS is used to calculate partial -Age
claim amounts for... (ch.1) -Canada caregiver amount for eligible dependent
or spouse or common-law partner
-Canada caregiver amount for dependent(s) age 18
or over
Federal TD1, Provincial/territorial TD1, -Name
and Quebec TP-1015.3-V require... -Date of birth
(ch.1) -Social insurance number
Other credits employees can claim -Being a caregiver
on their Federal and -Being over 65
Provincial/Territorial TD1 to lower -Receiving a pension
taxes (ch.1) -Being or supporting a student in post-secondary
studies
-Being disabled
-Supporting a spouce
-Living alone (Quebec)
-Having children under 18 (Saskatchewan and
Yukon)
Do you have to claim basic personal -No, if only doing basic
provincial/territorial credits? (ch.1) -Yes, if claiming children under 18 (Sakatchewan
and Yukon)
-Yes, always (Quebec)
Employers should review TD1 and TP- -Correct employee name, Date of birth, Address,
1015.3-V forms to ensure (ch.2) and SIN
-Correct amounts on the form
-Amounts claimed are totaled correctly
-Form does not contain obvious false statements
-The form is signed a dated
, What certain information must -Name
appear on an employee's statement -Rate of pay and hours worked at each rate
of wages? (ch.2) -Date of pay period
-Gross and net pay
-Itemized deductions
Renumeration (ch.2) Employee received compensation or pay for the
services they perform
-AKA employee income when employer-employee
relationship exists
Employee income can be -Earnings
categorized into what? (ch.2) -Allowances
-Benefits
-Taxable expense reimbursements
Earnings can be paid as... (ch.2) -Salary
-Rate for each hour worked
-Rate per piece of goods produced or picked
-Disability payment for time off due to illness
-Payment for vacation time
-Premium payment for overtime
-Premium payment for hours worked on a shift
Earnings are... (ch.2) -Pensionable
-Insurable
-Taxable
...therefore subject to all statutory deductions
Define allowances (ch.2) The additional dollar amounts paid to employees
for the use, or anticipated use of their personal
property for business purposes
