All of the following factors are considered by the CRA in determining if an employment relationship was under employee or self-employed arrangement except: Question 13 options: a) Ownership of tools b) Ability to hire others c) Opportunity for profit d) How much the employer can pay

All of the following factors are considered by the CRA in determining if an employment relationship was under employee or self-employed arrangement except: Question 13 options: a) Ownership of tools b) Ability to hire others c) Opportunity for profit d) How much the employer can pay

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter9: Payroll, Estimated Payments, And Retirement Plans

Section: Chapter Questions

Problem 14MCQ

See similar textbooks

Related questions

Q: A new employer will be assigned a SUTA contribution rate: a. will be different for all new…

A: The correct answer is Option (d).

Q: All of the following factors are considered by the CRA in determining if an employ relationship was…

A: Canada Revenue Agency: The Canada Revenue Agency is the income administration of the central…

Q: Under the FLSA, what information concerning employees' wages earned must be maintained by the…

A: Payroll Register: Payroll register is a schedule maintained by the company to record the earnings,…

Q: The difference between the federal minimum wage and the tipped wage involves: Muitiple Choice An…

A: Federal government set required minimum wages for the worker who receives the tips on a regular…

Q: Employees CIT Payable and Employees SIT Payable are:a. not required to be deposited.b. deposited…

A: Option C is correct. Employees CIT payable and Employee SIT payable are liability account that hold…

Q: w does a company determine if it should use an ABO, PBO, or VBO calculation? Is the determination…

A: ABO The estimated amount of a company's pension plan commitment at any one time is known as the…

Q: As we evaluate job related expenses, are self-employed taxpayers facing a considerable disadvantage…

A: As a self-employed / freelancer, you most likely have a level of freedom that your traditionally…

Q: Which of the following is not an approach to financing employee benefits? Select one: a.…

A: Employee benefits refer to the benefits that are provided to the employees over or above the…

Q: Which of the following is incorrect in relation to termination benefits? A benefit resulting from…

A: Solution: Following are correct statement in relation to termination benefits: A benefit resulting…

Q: a defined contribution plan, as long as the employer makes a definite contribution to the plan, the…

A: Defined contribution plan is a plan opted for providing employee benefits at the end of retirement…

Q: If there is a vesting period, the fair value of employee share appreciation rights is recognized as…

A: Indian Accounting Standard 102, requires that fair value of share appreciation right , should be…

Q: Explain he basic arrangement in a worker’s compensation scheme. What is meant by ‘exclusive remedy”…

A: Hi, the question has multiple sub-parts and as per our policy, we will answer the first three.…

Q: With relation to the acknowledgment of employee benefits, which statement is false? A. The payment…

A: Compensation packages are a type of remuneration provided by businesses to workers in addition to…

Q: What are some of the reasons employers have been sued with respect to the managing of their…

A: Introduction: As far as suing an employer is concerned couple of clear reasons appears which are…

Q: eans by which a dismissal can be determined to be fair or unfair. In the event of a claim that an…

A: Section 188 of Labour Relations Act No 66 of 1995 specifies that the employer pf a company has the…

Q: For termination benefits payable as a result of an entity’s decision to terminate an employee’s…

A: The correct answer is All of other choices.

Q: An act of treating employees unfairly based on their gender, age, race, etc is called?- a.…

A: discrimination is treating employees unfair and biased based on age, religion, sex etc.

Q: An employee has the right to receive compensation for future paid leave, and the payment of…

A: Accrued Liability:Accrued liability is an expense to the company, were the expenses that a business…

Q: Do workers compensations statutes apply to seasonal or temporary workers? Explain

A: Definition: Worker’s compensation scheme: Worker’s compensation scheme is an arrangement that…

Q: What can a business do to prevent an employee from receiving salary in kind

A: Internal control is an essential component of every business. It aids in the management's continued…

Q: Optional standard deduction is allowed to

A: Option b is wrong because the optional standard deduction is allowed to non-resident aliens not…

Q: A positive-balance employer has: a. an employee development program that promotes work-life…

A: Answer: Option b

Q: With respect to qualified retirement plans, nondiscrimination rules prohibit employers from giving…

A: Non discriminatory rules prohibit a Company to give preferential treatment to some of its key…

Q: Identify and discuss the non-financial factors that may affect a client’s decision to reduce…

A: Wage is a payment that an employee receives for their work. Wages are mainly paid on a daily and…

Q: A common law employee-employer relationship exist: when the employer has the right to specify the…

A: Common law is the law which states the terms and conditions for the work that should be followed by…

Q: (True/False) Section 280F provides the general rule that listed property must be used for the…

A: This section deals with limitations on depreciation for luxury automobiles and limitations where…

Q: FRS119 Employee Benefits prescribes the accounting and disclosure requirements by employers for…

A: IFRS: IFRS stands for International Financial Reporting Standards. These accounting standards are…

Q: A primary objective of labor unions is to O have equal power with their employer. secure equal pay…

A: Introduction: Union: Union means group of people. Group of direct labors people called as labor…

Q: The term "exempt" refers to employees who fall under the purview of the minimum wage and overtime…

A: Exempt employees means employees who dont qualify for minimum wage and dont receive overtime pay.…

Q: Employee benefits given by an employer to an employee may be recognized by the employer as I.Asset…

A: The financial statements of the business include the income statement and balance sheet of the firm.

Q: Apart from the benefits required by legislation, what benefit can a company expect from offering…

A: Employee benefit are generally the non cash and indirect benefits that are provided in addition to…

Q: 2. Under the employers cannot discriminate against individuals based on race, religion, or gender.…

A: Civil Rights Act: Racism, colourism, religion, gender, national origin, and sexual orientation are…

Q: Disparate-impact discrimination occurs when a protected class is adversely affected by the practice…

A: Even when an employer intends to have a positive influence on all protected classes, disparate…

Q: The Act guarantees job protection to women on maternity leave. OPrivacy OVocational O Civil Rights…

A: Maternity leaves are required by the women when they are pregnant and are expected to give birth to…

Q: a. MFRS119 Employee Benefits prescribes the accounting and disclosure requirements by employers for…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Why do you think fringe benefits are important enough to influence an employee's choice of employer…

A: Fringe Benefit: A fringe benefit is any non-wage payment or benefit that is provided to workers by…

Q: According to the Law of Agency, the principal is a) employer of the agent b) employee of the agent…

A: In the process of entering into contractual relationships with other parties, several laws come into…

Q: employee’s employment as a result of either: I. An entity’s decision to terminate an employee’s…

A: Solution: Employee’s employment as a result of either: I. An entity’s decision to terminate an…

Q: The primary purpose of the Equal Employment Opportunity Commission is to regulate and enforce the…

A: The Equal Employment Opportunity Commission (EEOC) looks into complaints made against firms for…

Q: QUESTION 5 a. MFRS119 Employee Benefits prescribes the accounting and disclosure requirements by…

A: The objective of MFRS 119 is to prescribe the accounting and disclosure for employee benefits. The…

Q: When employers are subject to both federal and state wage-hour laws, they must observe the law that:…

A: Wage and hour laws are separate from federal labor laws that apply to businesses having an income of…

Question

All of the following factors are considered by the CRA in determining if an employment relationship was under employee or self-employed arrangement except:

Question 13 options:

a)	Ownership of tools

b)	Ability to hire others

c)	Opportunity for profit

d)	How much the employer can pay

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

What two alternative tests are applied to a business in order to judge whether it is an employer and therefore subject to the FUTA tax?
What is the maximum contribution that an employer can make to an employees SIMPLE account?
Which of the following factors could assist employers in determining employee pay rates? A. Employee marital statusB. Company’s net incomeC. Employee FLSA statusD. Industry type
A common law employee-employer relationship exist: when the employer has the right to specify the end result and a. when the employee has the right to specify the end result and the ways and means by which the that result is to be attained. b. when the employer has the right to specify the end result and the ways and means by which the that result is to be attained. c. when neither the employer or the employee has the right to specify the end result and the ways and means by which the that result is to be attained. d. none of the aboe.
Employee benefits are all forms of monetary consideration given by an entity in exchange for services rendered by employees or for the termination of employment True or false?
Apart from the benefits required by legislation, what benefit can a company expect from offering additional post-employment benefits to its employees? Share your opinion.
Which of the following characteristics is/are indicative of a post-employment defined contribution plan? If actuarial or investment experience are worse than expected, the entity’s obligation may be increased. The amount to be received by the employee is determined by the amount of contributions paid by an entity to the plan, with investment returns arising from the contributions. The entity’s obligation is to provide the agreed benefits to current and former employees. The entity’s legal or constructive obligation is limited to the amount that it agrees to contribute to the fund. Group of answer choices Only statements 1 and 2. Only statements 2 and 3. Only statements 2 and 4. Only statements 3 and 4.
According to AASB 119, how should an employer's obligation for employee benefits be measured?
. If a fringe benefit involves a deduction from employee pay, which of the following is true? A. Employers may only offer the benefit to certain classes of employees. B. The employee must enroll in direct deposit for their pay. C. The fringe benefit must be subject to income tax. D. The amount of the deduction must be listed on the employee's pay advice. 2. The ________ determines when benefit amounts should be withheld from employee pay. A. employee B. employer C. IRS D. State in which the business is conducted
Under what circumstances should an employer accumulate a cost and the associated obligation for an employee's future absence compensation? What role does firm tradition and practice have in the accrual decision?
How should an employer's commitment for employee benefits be calculated, according to AASB 119?
Why must pay rate information be a part of an employee’s payroll file? A. As a means of tracking time worked for overtime compensation purposesB. To ensure that the employee receives all compensation earnedC. As a means of ensuring pay equality among employeesD. To document satisfaction of court-ordered obligations