Test 1

Question 1

What are the Key factors that establish being Self-Employed vs. Employed

Answer 1

Control, Tools and Equipment, Subcontracting work (hiring), Financial Risk, Responsibility for investment and management, Opportunity for Profit.

Question 2

What does PIPEDA stand for and what does it do?

Answer 2

Personal Information Protection and Electronic Documents Act strives to make personal information kept private and protected within a payroll department

Question 3

What is the difference between Implied and Expressed Consent?

Answer 3

Implied consent is consent that is indirect like signing a job offer to use information. and Expressed is either a verbal or writing consent

Question 4

What are examples of Internal Stakeholders?

Answer 4

Management, Employees, HR, IT

Question 5

What are examples of External Stakeholders?

Answer 5

Federal/ Provincial Governments, Courts, Insurance, Vendors

Question 6

What are the Four types of Payroll Methods?

Answer 6

Manual, Outsourced, Purchased Softwares, In-house Developed Softwares

Question 7

What are the four types of Employees?

Answer 7

Full-time, Part-time, Seasonal, Casual

Question 8

What are the FIVE different types of payment to employees?

Answer 8

Hourly, Salary, Piece rate, Commission, Contract

Question 9

What are some ways to prevent fraud or abuse of responsibility?

Answer 9

Segregation of duties, rotating tasks, periodic audits, system backups

Question 10

What bill encourages fair and improved job spaces?

Answer 10

Bill 148- Fair Workplaces, Better Jobs Act

Question 11

What are the requirements to receive vacation WITH pay?

Answer 11

5 or more years of service requires minimum 3 weeks of vacation with pay.

Question 12

What is ESA and what does it do?

Answer 12

The Employment Standards Act provides a base set of rules and regulations that must be met pertaining to specific types of jobs.

Question 13

What claims are not included in theT1D forms

Answer 13

RRSP, Dependents, Tuition

Question 14

what is not calculated/ factored into vacation pay

Answer 14

Tips, Travel Allowances, Severance

Question 15

How many public holidays are there?

Answer 15

9

Question 16

When being terminated what must the employer provide to the employee?

Answer 16

A period of notice OR pay in lieu of notice.

Question 17

What is the difference between severance pay and termination pay?

Answer 17

Severance pay is given to employees who have worked in a company for 5 or more years and pay is given to the employee when fired, where ad termination pay is based on whoever long the employee has worked with the company and notice is given.

Question 18

What are some pay types (hint: Bonus, Regular)

Answer 18

Regular, Bonus, Shift Premiums, Commissions, Retroactive, Vacation Pay, Sick Pay, Pay in lieu of Notice, Severance

Question 19

What are the Statutory Deductions that must be included and what is their order?

Answer 19

1. Canada Pension Plan (CPP)
2. Employment Insurance (EI)
3. Quebec Parental Insurance Plan (QPIP)
4. Income Tax
5. Payroll Taxes (Northwest Territories, Nunavut)

Question 20

What are some other deductions that may be included in pay?

Answer 20

Legal, Union, Company Compulsory, Voluntary

Question 21

What is expense reimbursements?

Answer 21

Amounts repaid to employees for out of pocket expenses that the employees incurred for work purposes