Reference no: EM132949858
Problem 1: A deposit received by the bank will include
A) a debit to the company's bank account.
B) a credit to the company's bank account.
C) no increase or decrease is made to the company's bank account.
D) a credit to the cash account on the company's books.
Problem 2: Which of the following is a law that has no effect on payroll net earnings?
A) Minimum Wage
B) Federal Income Tax
C) Provincial Income Tax
D) Canada Savings Bond
Problem 3: The form used to determine an employee's net claim code is called a
A) T4.
B) Record of Employment.
C) TD1.
D) Employee Earnings Record.
Problem 4: Workers' compensation
A) insures employees against losses they may incur due to injury or death while on the job.
B) is based on the total estimated payroll.
C) is paid for by the employer.
D) All of the above are correct.