Deck 2: Pensionable, Insurable and Taxable Earnings

Question 1

What is the amount of the exemption for Canada Pension Plan applied to a semi-monthly pay cycle?

A) $67.30
B) $66.03
C) $134.61
D) $145.83
E) $3500.00

Answer 1

$145.83

Question 2

What is the amount of the exemption for Canada Pension Plan applied to a weekly pay cycle?

A) $67.30
B) $66.03
C) $134.61
D) $145.83
E) $3500.00

Answer 2

$67.30

Question 3

What is the amount of the exemption for Employment Insurance applied to a semi-monthly pay cycle?

A) $67.30
B) $66.03
C) $134.61
D) $145.83
E) $0.00

Answer 3

$0.00

Question 4

Freida Too is 52 years old and earns $14.00 per hour. This pay schedule she worked 9 hours. She is paid bi-weekly in the Province of Manitoba. How much is her CPP deduction?

A) $126.00
B) $6.01
C) $2.68
D) $0.65
E) $0.00

Question 5

Shannon Fiord is 27 years old, earns $18 per hour, worked 30 hours in the pay cycle and is paid weekly in the Province of Ontario. How much is her CPP deduction?

A) $540.00
B) $26.73
C) $24.11
D) $24.82
E) $0.00

Question 6

Shannon Fiord is 27 years old, earns $18 per hour, worked 30 hours in the pay cycle and is paid weekly in the Province of Ontario. How much must the employer contribute for CPP on her behalf?

A) $540.00
B) $46.80
C) $24.82
D) $26.73
E) $0.00

Question 7

Freida Too is 52 years old and earns $16.00 per hour. This pay schedule she worked 9 hours. She is paid weekly in the Province of Manitoba. How much is her EI deduction?

A) $144.00
B) $2.27
C) $3.20
D) $1.02
E) $0.00

Question 8

Freida Too is 52 years old and earns $16.00 per hour. This pay schedule she worked 9 hours. She is paid weekly in the Province of Manitoba. How much must the employer contribute for EI on her behalf?

A) $144.00
B) $2.27
C) $3.18
D) $1.02
E) $0.00

Question 9

John Legglet is 42 years old, earns $4000 per week and is paid semi-monthly in the Province of Ontario. How much is his CPP deduction?

A) $447.34
B) $396.00
C) $392.67
D) $194.67
E) $198.00

Question 10

If the Canada Pension Plan deduction for an employee is $57.45 for the pay cycle, how much must the employer pay for the same period?

A) $0.00
B) $28.73
C) $57.45
D) $80.43
E) $114.90

Question 11

If the Employment Insurance deduction for an employee is $57.45 for the pay cycle, how much must the employer pay for the same period?

A) $0.00
B) $28.73
C) $57.45
D) $80.43
E) $114.90

Question 12

Sally Shy is 72 years old and currently collecting Canada Pension Plan benefits. She works part time and earns $15.00 per hour. This pay schedule she worked 19 hours. She is paid bi-weekly in the Province of Alberta. How much is her EI deduction?

A) $285.00
B) $12.70
C) $6.75
D) $4.50
E) $0.00

Question 13

Sally Shy is 72 years old and currently collecting Canada Pension Plan benefits. She works part time and earns $ 15.00 per hour. This pay schedule she worked 19 hours. She is paid bi-weekly in the Province of Alberta. How much is her CPP deduction?

A) $256.50
B) $12.70
C) $9.37
D) $6.03
E) $0.00

Question 14

Freida Too is 52 years old and earns $15.00 per hour. This pay schedule she worked 19 hours. She is paid bi-weekly in the Province of Manitoba. How much is her CPP deduction?

A) $256.50
B) $12.70
C) $9.37
D) $7.89
E) $0.00