9/30/25, 4:03 PM PAYROLL FUNDAMENTALS 1 MIDTERM EXAM fully solved & updated 2025-2026(latest version verified for accuracy) (Questions …
PAYROLL FUNDAMENTALS 1 MIDTERM EXAM
fully solved & updated 2025-2026(latest version
verified for accuracy) (Questions + Answers)
Solved 100% Correct!!
Save
Terms in this set (94)
-Organization specific forms (personal information
forms)
Commencement package
-Government forms (federal and provincial personal
(Ch.1)
tax credits return)
-Benefit forms (insurance enrollment forms)
May include information on their position such as
Hiring form (ch.1) department, manager, start date, salary/hourly wage,
and benefit entitlement
-Employee name
-Date of pay period
Information that must be
-Rates of pay and hours of work at each rate
provided to employees
-Gross earnings
(ch.1)
-Itemized deductions
-Net pay
-Age
TD1- WS is used to -Canada caregiver amount for eligible dependent or
calculate partial claim spouse or common-law partner
amounts for... (ch.1) -Canada caregiver amount for dependent(s) age 18 or
over
https://quizlet.com/1085006942/payroll-fundamentals-1-midterm-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questions-… 1/14
, 9/30/25, 4:03 PM PAYROLL FUNDAMENTALS 1 MIDTERM EXAM fully solved & updated 2025-2026(latest version verified for accuracy) (Questions …
Federal TD1, -Name
Provincial/territorial TD1, -Date of birth
and Quebec TP-1015.3-V -Social insurance number
require... (ch.1)
-Being a caregiver
-Being over 65
-Receiving a pension
Other credits employees
-Being or supporting a student in post-secondary
can claim on their Federal
studies
and Provincial/Territorial
-Being disabled
TD1 to lower taxes (ch.1)
-Supporting a spouce
-Living alone (Quebec)
-Having children under 18 (Saskatchewan and Yukon)
Do you have to claim -No, if only doing basic
basic personal -Yes, if claiming children under 18 (Sakatchewan and
provincial/territorial Yukon)
credits? (ch.1) -Yes, always (Quebec)
-Correct employee name, Date of birth, Address, and
SIN
Employers should review
-Correct amounts on the form
TD1 and TP-1015.3-V forms
-Amounts claimed are totaled correctly
to ensure (ch.2)
-Form does not contain obvious false statements
-The form is signed a dated
-Name
What certain information
-Rate of pay and hours worked at each rate
must appear on an
-Date of pay period
employee's statement of
-Gross and net pay
wages? (ch.2)
-Itemized deductions
Employee received compensation or pay for the
services they perform
Renumeration (ch.2)
-AKA employee income when employer-employee
relationship exists
https://quizlet.com/1085006942/payroll-fundamentals-1-midterm-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questions-… 2/14
PAYROLL FUNDAMENTALS 1 MIDTERM EXAM
fully solved & updated 2025-2026(latest version
verified for accuracy) (Questions + Answers)
Solved 100% Correct!!
Save
Terms in this set (94)
-Organization specific forms (personal information
forms)
Commencement package
-Government forms (federal and provincial personal
(Ch.1)
tax credits return)
-Benefit forms (insurance enrollment forms)
May include information on their position such as
Hiring form (ch.1) department, manager, start date, salary/hourly wage,
and benefit entitlement
-Employee name
-Date of pay period
Information that must be
-Rates of pay and hours of work at each rate
provided to employees
-Gross earnings
(ch.1)
-Itemized deductions
-Net pay
-Age
TD1- WS is used to -Canada caregiver amount for eligible dependent or
calculate partial claim spouse or common-law partner
amounts for... (ch.1) -Canada caregiver amount for dependent(s) age 18 or
over
https://quizlet.com/1085006942/payroll-fundamentals-1-midterm-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questions-… 1/14
, 9/30/25, 4:03 PM PAYROLL FUNDAMENTALS 1 MIDTERM EXAM fully solved & updated 2025-2026(latest version verified for accuracy) (Questions …
Federal TD1, -Name
Provincial/territorial TD1, -Date of birth
and Quebec TP-1015.3-V -Social insurance number
require... (ch.1)
-Being a caregiver
-Being over 65
-Receiving a pension
Other credits employees
-Being or supporting a student in post-secondary
can claim on their Federal
studies
and Provincial/Territorial
-Being disabled
TD1 to lower taxes (ch.1)
-Supporting a spouce
-Living alone (Quebec)
-Having children under 18 (Saskatchewan and Yukon)
Do you have to claim -No, if only doing basic
basic personal -Yes, if claiming children under 18 (Sakatchewan and
provincial/territorial Yukon)
credits? (ch.1) -Yes, always (Quebec)
-Correct employee name, Date of birth, Address, and
SIN
Employers should review
-Correct amounts on the form
TD1 and TP-1015.3-V forms
-Amounts claimed are totaled correctly
to ensure (ch.2)
-Form does not contain obvious false statements
-The form is signed a dated
-Name
What certain information
-Rate of pay and hours worked at each rate
must appear on an
-Date of pay period
employee's statement of
-Gross and net pay
wages? (ch.2)
-Itemized deductions
Employee received compensation or pay for the
services they perform
Renumeration (ch.2)
-AKA employee income when employer-employee
relationship exists
https://quizlet.com/1085006942/payroll-fundamentals-1-midterm-exam-fully-solved-updated-2025-2026latest-version-verified-for-accuracy-questions-… 2/14
