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| 1.
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The employer is required to remit employment insurance contributions equal to the amount withheld from all employees. |
| | A) | True |
| | B) | False |
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| 2.
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Income tax, employment insurance and Canada Pension Plan amounts withheld plus the employer's portion of EI and CPP are paid directly to Revenue Canada. |
| | A) | True |
| | B) | False |
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| 3.
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In 2003, CPP contributions are based on earnings, and apply with few exceptions to everyone who is working. |
| | A) | True |
| | B) | False |
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| 4.
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Employers commonly operate under contracts with their employee's union that provide better terms than the employer would otherwise offer. |
| | A) | True |
| | B) | False |
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| 5.
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Regular pay plus overtime premium pay is the employee's net pay. |
| | A) | True |
| | B) | False |
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| 6.
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An employee's Individual Earnings Record provides a monthly summary of the employee's working time, gross earnings, deductions, and net pay. |
| | A) | True |
| | B) | False |
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| 7.
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Under the provincial workers' compensation acts, employers may insure their employees against injury disability that may arise as a result of employment. |
| | A) | True |
| | B) | False |
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| 8.
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Employers are required to allow their employees paid vacation time as a benefit of employment. |
| | A) | True |
| | B) | False |
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| 9.
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Accrued wages and accrued deductions on the wages are always recorded at the end of an accounting period. |
| | A) | True |
| | B) | False |
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| 10.
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Payment of payroll deductions is usually required to be made at the end of each month. |
| | A) | True |
| | B) | False |
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| 11.
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To assist the unemployed, employees and their employers have to pay compulsory Employment Insurance (EI). In 2003, the employee contributions are at the rate of 2.1%, and there are no maximum EI contributions. |
| | A) | True |
| | B) | False |
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| 12.
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The employees and employers have to make equal amounts of CPP contributions at the rate of 4.95% with a maximum of $1801.80. |
| | A) | True |
| | B) | False |
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