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UPDATED 2025 PAYROLL FUNDAMENTALS PART 1 EXAM WITH Q&A VERIFIED ANSWERS 100% GUARANTEED
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19

April 2025

2024/2025

A+
UPDATED 2025 PAYROLL FUNDAMENTALS PART 1 EXAM WITH Q&A VERIFIED ANSWERS 100% GUARANTEED RQ and CRA define a car allowance as reasonable if: - CORRECT 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 employ...
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