Payroll Fundamentals 1 Midterm Exam
Questions and Guide Answers
100% Verified Graded A+
1. Commencement package (Ch.1)
Answer: -Organization specific forms (personal information forms)
-Government forms (federal and provincial personal tax credits return)
-Benefit forms (insurance enrollment forms)
2. Hiring form (ch.1)
Answer: May include information on their position such as department, manager, start date, salary/hourly
wage, and benefit entitlement
3. Information that must be provided to employees (ch.1)
Answer: -Employee name
-Date of pay period
-Rates of pay and hours of work at each rate
,-Gross earnings
-Itemized deductions
-Net pay
4. TD1- WS is used to calculate partial claim amounts for... (ch.1)
Answer: -Age
-Canada caregiver amount for eligible dependent or spouse or common-law partner
-Canada caregiver amount for dependent(s) age 18 or over
5. Federal TD1, Provincial/territorial TD1, and Quebec TP-1015.3-V require...
(ch.1)
Answer: -Name
-Date of birth
-Social insurance number
6. Other credits employees can claim on their Federal and Provincial/Territorial
TD1 to lower taxes (ch.1)
Answer: -Being a caregiver
-Being over 65
-Receiving a pension
-Being or supporting a student in post-secondary studies
, -Being disabled
-Supporting a spouce
-Living alone (Quebec)
-Having children under 18 (Saskatchewan and Yukon)
7. Do you have to claim basic personal provincial/territorial credits? (ch.1)
Answer: -No, if only doing basic
-Yes, if claiming children under 18 (Sakatchewan and Yukon)
-Yes, always (Quebec)
8. Employers should review TD1 and TP-1015.3-V forms to ensure (ch.2)
Answer: -Correct employee name, Date of birth, Address, 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
9. What certain information must appear on an employee's statement of
wages? (ch.2)
Answer: -Name
-Rate of pay and hours worked at each rate
Questions and Guide Answers
100% Verified Graded A+
1. Commencement package (Ch.1)
Answer: -Organization specific forms (personal information forms)
-Government forms (federal and provincial personal tax credits return)
-Benefit forms (insurance enrollment forms)
2. Hiring form (ch.1)
Answer: May include information on their position such as department, manager, start date, salary/hourly
wage, and benefit entitlement
3. Information that must be provided to employees (ch.1)
Answer: -Employee name
-Date of pay period
-Rates of pay and hours of work at each rate
,-Gross earnings
-Itemized deductions
-Net pay
4. TD1- WS is used to calculate partial claim amounts for... (ch.1)
Answer: -Age
-Canada caregiver amount for eligible dependent or spouse or common-law partner
-Canada caregiver amount for dependent(s) age 18 or over
5. Federal TD1, Provincial/territorial TD1, and Quebec TP-1015.3-V require...
(ch.1)
Answer: -Name
-Date of birth
-Social insurance number
6. Other credits employees can claim on their Federal and Provincial/Territorial
TD1 to lower taxes (ch.1)
Answer: -Being a caregiver
-Being over 65
-Receiving a pension
-Being or supporting a student in post-secondary studies
, -Being disabled
-Supporting a spouce
-Living alone (Quebec)
-Having children under 18 (Saskatchewan and Yukon)
7. Do you have to claim basic personal provincial/territorial credits? (ch.1)
Answer: -No, if only doing basic
-Yes, if claiming children under 18 (Sakatchewan and Yukon)
-Yes, always (Quebec)
8. Employers should review TD1 and TP-1015.3-V forms to ensure (ch.2)
Answer: -Correct employee name, Date of birth, Address, 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
9. What certain information must appear on an employee's statement of
wages? (ch.2)
Answer: -Name
-Rate of pay and hours worked at each rate
