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Jan 9, 2024

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Question: 2-1 What is Canada Revenue Agency's mandate? Responses  To administer tax laws To administer tax laws - no response given  To collect revenues for the federal government and most of the provinces and territories To collect revenues for the federal government and most of the provinces and territories - no response given  To deliver various economic benefit incentive programs to Canadians To deliver various economic benefit incentive programs to Canadians - no response given  All of the above All of the above - correct Attempt #1: 1/1(Score: 1/1) Feedback Canada Revenue Agency's mission is to promote compliance with Canada's tax legislation and regulations. From this mission comes Canada Revenue Agency's mandate to collect revenues and administer tax laws for the federal government and for most provinces and territories and to deliver various social and economic benefit incentive programs to Canadians. Question: 2-37 Social Insurance Numbers beginning with a "9" are issued to individuals who are: Responses  unemployed unemployed - no response given  neither Canadian citizens nor permanent residents neither Canadian citizens nor permanent residents - correct  individuals who are seeking their first job individuals who are seeking their first job - no response given  under the age of 18 under the age of 18 - no response given Attempt #1: 1/1(Score: 1/1) Feedback Social Insurance Numbers beginning with a "9" (commonly called "900-series") are issued to individuals who are neither Canadian citizens nor permanent residents. Question: 2-39

Which piece of legislation states that it is a discriminatory practice to refuse to employ an individual on a prohibited ground of discrimination? Responses  Canadian Human Rights Act Canadian Human Rights Act - correct  Employment Equity Act Employment Equity Act - no response given  Employment Standards Act Employment Standards Act - no response given  All of the above All of the above - no response given Attempt #2: 1/1(Score: 1/1) Feedback The Human Rights Act states that it is a discriminatory practice to refuse to employ or continue to employ any individual or in the course of employment to differentiate adversely in relation to an employee on a prohibited ground of discrimination. Question: 2-44 The Canada Revenue Agency (CRA) charges interest on any unpaid: Responses  remittances from the day withheld remittances from the day withheld - no response given  remittances and unpaid penalties from the day the payment was due remittances and unpaid penalties from the day the payment was due - correct  remittances and unpaid penalties 30 days from the day the payment was due remittances and unpaid penalties 30 days from the day the payment was due - no response given  remittances and unpaid penalties 7 days from the day the payment was due remittances and unpaid penalties 7 days from the day the payment was due - no response given Attempt #2: 1/1(Score: 1/1) Feedback The Canada Revenue Agency (CRA) charges interest on any unpaid remittances and penalties from the day the payment was due. Question: 3-22 An employee's pensionable earnings are $1,267.50 per semi-monthly pay. What are the contributory earnings? Responses

 $1,121.67 $1,121.67 - correct  $1,132.89 $1,132.89 - no response given  $1,200.20 $1,200.20 - no response given  $1,267.50 $1,267.50 - no response given Attempt #2: 1/1(Score: 1/1) Feedback Contributory earnings = Pensionable earnings - Pay period exemption Question: 3-26 An employee turned 70 on September 12th, 2023. What is the employee's maximum annual Canada Pension Plan contribution? Responses  $938.61 $938.61 - no response given  $1,877.23 $1,877.23 - no response given  $2,815.83 $2,815.83 - correct  $3,754.45 $3,754.45 - no response given Attempt #2: 1/1(Score: 1/1) Feedback Contributions are prorated for the months that the employee is eligible to pay. Deductions stop from the first pay in October; therefore, divide annual maximum contribution by 12 and multiply by the number of months that the employee is eligible to pay. Question: 3-69 An employee turns 70 on April 15, 2023. What is the maximum number of months of contributory earnings for Canada Pension Plan? Responses  3 3 - no response given  4

4 - correct  5 5 - no response given  12 12 - no response given Attempt #2: 1/1(Score: 1/1) Feedback When an employee turns age 70 the employer must stop withholding Canada Pension Plan contributions on the first pay of the month following the month the employee turned 70. Question: 3-74 What is the order of deducting the first two statutory deductions? Responses  Employment Insurance premiums, Canada Pension Plan contributions Employment Insurance premiums, Canada Pension Plan contributions - no response given  Canada Pension Plan contributions, Employment Insurance premiums Canada Pension Plan contributions, Employment Insurance premiums - correct  Canada Pension Plan contributions, Registered Retirement Savings Plan contributions Canada Pension Plan contributions, Registered Retirement Savings Plan contributions - no response given  there is no predetermined order there is no predetermined order - no response given Attempt #2: 1/1(Score: 1/1) Feedback Under federal legislation, Canada Pension Plan contributions are the first deduction to be taken from employment income and Employment Insurance premiums are the second deduction. Since these deductions are required under government legislation, or statutes, they are referred to as statutory deductions. Question: 3-98 Payments and benefits not subject to Canada Pension Plan contributions include: Responses  taxable benefits taxable benefits - no response given  taxable allowances taxable allowances - no response given  death benefits death benefits - correct

 legislated wages in lieu of notice legislated wages in lieu of notice - no response given Attempt #2: 1/1(Score: 1/1) Feedback Death benefits are not considered compensation for work performed and therefore are not subject to Canada Pension Plan contributions. Question: 3-99 In relation to the Canada Pension Plan, the Canada Revenue Agency is responsible for: Responses  setting the yearly basic exemption setting the yearly basic exemption - correct  administration of benefits administration of benefits - no response given  entitlement of benefits entitlement of benefits - no response given  payments of benefits payments of benefits - no response given Attempt #2: 1/1(Score: 1/1) Feedback Canada Revenue agency sets the yearly basic exemption, annual contribution rate and the maximum pensionable earnings. Question: 3-156 Which of the following payments are subject to Employment Insurance premiums? Responses  An automobile allowance An automobile allowance - no response given  Commission payments Commission payments - no response given  Controlled tips Controlled tips - no response given  All of the above All of the above - correct Attempt #1: 1/1(Score: 1/1) Feedback Payments made to an employee for automobile allowance, controlled tips or commission payments are all insurable earnings and require Employment Insurance premiums to be withheld.

Question: 3-170 An employee earns a fixed salary of $1,225.00 bi-weekly. They are expected to work 41.25 hours per bi-weekly pay period. During month-end they worked an extra 2 hours of unpaid time. How many insurable hours would be recorded? Responses  40 40 - no response given  41.25 41.25 - correct  43.25 43.25 - no response given  44.25 44.25 - no response given Attempt #1: 1/1(Score: 1/1) Feedback For employees who are paid a fixed salary for a pay period, you need to review the employee- employer contract. If the employee is expected to work for a fixed number of hours in order to receive their salary, then those are the hours that will be recorded as insurable hours. In a situation where the employee works more than the contracted amount, you would still only record the contracted amount, unless you paid the employee for the extra hours. Question: 3-176 Which of the following would be considered pensionable employment? Responses  Robert Allard, who helps out on weekends at the grocery store owned by his father and does not receive any wages Robert Allard, who helps out on weekends at the grocery store owned by his father and does not receive any wages - no response given  Ravi Sharma, a teacher on exchange from India Ravi Sharma, a teacher on exchange from India - no response given  Reverend Leclerc, a member of a religious order who has not taken a vow of perpetual poverty Reverend Leclerc, a member of a religious order who has not taken a vow of perpetual poverty - correct  Bill Xavier, who works for four days at the local fair as a ticket taker Bill Xavier, who works for four days at the local fair as a ticket taker - no response given Attempt #2: 1/1(Score: 1/1) Feedback

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