Ready to test your Knowledge?
Try out our new practice tests completely free!
exam preparation banner icon

College Accounting

Business

Quiz 10 :

The Employers Tax Responsibilities: Principles and Procedures

Quiz 10 :

The Employers Tax Responsibilities: Principles and Procedures

search
arrow
The employer pays CPP premiums in what ratio to employee CPP deductions?
Free
Multiple Choice
Answer:

Answer:

C

arrow
If the employees had $250 CPP, $350 EI and $450 Income Tax deducted from their paycheques, then the Employer's Benefits expense would be
Free
Multiple Choice
Answer:

Answer:

C

arrow
If the employee's EI deductions for the week total $300, the employer's EI contribution will be
Free
Multiple Choice
Answer:

Answer:

D

arrow
If the employees have had $200 in CPP contributions and $300 in EI contributions deducted from their paycheques, then the Employer's Benefits Expense would be
Multiple Choice
Answer:
arrow
If the employees have had $300 in CPP contributions and $400 in EI contributions deducted from their paycheques, then the amount to be remitted to the Receiver General would be (excluding income taxes)
Multiple Choice
Answer:
arrow
The general journal entry to record payroll benefits and taxes generally includes
Multiple Choice
Answer:
arrow
What type of an account is Wages and Salaries Payable?
Multiple Choice
Answer:
arrow
If the employees' CPP deductions for the week total $500, the employer's CPP contribution will be
Multiple Choice
Answer:
arrow
The employer pays EI premiums in what ratio to employee EI deductions?
Multiple Choice
Answer:
arrow
If the employees had $250 CPP, $350 EI and $450 Income Tax deducted from their paycheques, then the total amount to be remitted to the Receiver General would be
Multiple Choice
Answer:
arrow
If the employee's CPP deductions for the week total $300, the employer's CPP contribution will be
Multiple Choice
Answer:
arrow
If Geharty Company had deducted $2,000 Income tax, $200 CPP, and $120 EI from the employee's cheques, then the Employee Benefits Expense would be
Multiple Choice
Answer:
arrow
The employer records deductions from the employee's paycheque
Multiple Choice
Answer:
arrow
The entry to record the payroll tax expenses would include
Multiple Choice
Answer:
arrow
If the employees had $200 CPP, $300 EI and $400 Income Tax deducted from their paycheques, the employer would remit
Multiple Choice
Answer:
arrow
Which of the following is a payroll tax paid by both employee and employer?
Multiple Choice
Answer:
arrow
Employment Insurance premiums are paid by
Multiple Choice
Answer:
arrow
In addition to CPP and EI, employers often share the expense of
Multiple Choice
Answer:
arrow
Personal Income Tax rates
Multiple Choice
Answer:
arrow
If the employees' EI deductions for the week total $500, the employer's EI contribution will be
Multiple Choice
Answer:
Showing 1 - 20 of 98