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Chapter 1 - Federal Remittances
Chapter 2 - Provincial Remittances
Chapter 3 - Non-Statutory Remittances
Chapter 4 - Workers' Compensation Remittances
Chapter 5 - Payroll Accounting
100
These deductions are witheld from employee's pay and held in trust by the employer.
What are statutory deductions?
100
Annual remitter type.
What is the 5th category of remitter types for Revenue Quebec?
100
The organization may be held responsible for the entire amount.
What if an organization does not remit monies to courts, or fails to act on a garnishment order?
100
Quebec construction industry.
In which Québec industry are the assessable earnings, as well as the excess earnings, calculated on a weekly basis?
100
The group of accounts used to record the accounting transactions of a business.
What is the general ledger?
200
Date that determines the proper remittance date.
What is the payroll cheque date?
200
Next Business Day.
What is the due date if a remittance falls on a Saturday, Sunday or statutory holiday?
200
Billed systems and Self-administered billing.
What are the two methods of remitting group Insurance plan premiums?
200
Are registered with workers’ compensation.
What is does a WCB clearance certificate state?
200
Wages, salaries, employer payroll costs, and utilities are typically found in this type of account.
What is an expense account?
300
For employers whose average monthly remittance is from $3,000 to $14,999.99, and for new employers.
What is a regular remitter type?
300
Public sector employers, including federal, provincial and municipal governments, universities, colleges, school boards and hospitals
Which employers is not eligible for the Ontario Employer Health Tax exemption?
300
8% and 9%
What is the amount of Ontario retail sales tax and the Quebec tax payable on insurance premiums?
300
(Gross Payroll - Excess Earnings)
What is Total Assessable Earnings?
300
Revenue and expense accounts.
Which accounts are shown on the Income Statement?
400
Quarterly, Regular, Accelerated Threshold 1, Accelerated Threshold 2.
What are CRA remitter types?
400
$1,250,000
What is the annual exemption for Manitoba Health and Post Secondary Education Tax?
400
Canada Savings Bonds, social committee, charitable donations, fitness club memberships
What are voluntary deductions?
400
This amount is applied to each employee when calculating workers' compnesation assessable earnings.
What is annual maximum assessable earnings?
400
The salaries and wages incurred for employees such as managers, executives and administrative support staff are referred to as this type of cost.
What are indirect labour costs?
500
Employee CPP + Employer CPP + Employee EI + Employer EI + Employee Federal Income Tax + Employee Provincial Income Tax
What is the calculation of the amount remitted to CRA?
500
Taxable total Ontario remuneration.
What is the remuneration after the $400,000 EHT exemption?
500
Each jurisdiction requires the employer to remit employee contributions and employer contributions to the pension plan within certain time frames.
What is an employer requirement of pension legislation?
500
The jurisdiction in which the work is being performed.
What determines where earnings are reported for worker's compensation purposes?
500
Balance Sheet and Income Statement
What are the 2 financial statements?