Question 1

Amblake Co. offers a $600 prize to employees who have completed a voluntary survey to help them gather information about employee engagement. This bonus does not have to be taxed.

Accepted Answer

According to IRS guidelines, cash prizes or bonuses given to employees are considered supplemental wages and are subject to federal income tax, Social Security, and Medicare taxes.

Question 2

If an employee earns a salary of $58,500 per year, their weekly pay cycle salary would be:

Accepted Answer

To calculate the weekly pay from an annual salary, divide the total salary by the number of weeks in a year (52). $58,500 / 52 = $1,125.00.

Question 3

If an employee earns a salary of $58,500 per year, their semi-monthly pay cycle salary would be:

Accepted Answer

To calculate the semi-monthly pay, divide the annual salary by the number of pay periods in a year. Since there are 24 semi-monthly pay periods in a year (2 per month), $58,500 / 24 = $2,437.50.

Question 4

If Mary earns $260,000 per year how much does she earn per week?

Accepted Answer

Mary earns $260,000 per year. There are 52 weeks in a year, so dividing $260,000 by 52 gives $5,000 per week.

Question 5

The following is not an example of a taxable allowance:

Accepted Answer

Travel expenses such as hotels, airfare, taxis, and meals are typically considered non-taxable if they are for business purposes and properly documented.

Question 6

Frank Hill works for a company with a semi-monthly pay cycle. He earns $80,000 per year and receives over-time paid at time and a half for any approved hours worked in excess of 40 hours per week. He receives a parking allowance of $100 per month and is paid $25 per hour for working on-call on weekends.

Accepted Answer

The answer of Frank Hill works for a company with...

Question 7

Ontario employees may be unpaid during their vacation from work if they receive 4% of their gross earnings in lieu of vacation each pay (or 6% with 5+ years of service).

Accepted Answer

In Ontario, employees can be unpaid during their vacation time if they receive vacation pay on each paycheck, which is 4% of their gross earnings for employees with less than 5 years of service and 6% for those with 5 or more years of service. This is in lieu of receiving paid time off, ensuring they still receive compensation for vacation.

Question 8

A Quebec employer can offer an entry level wage of $12 per hour to new adult employees who do not serve liquor.

Accepted Answer

As of May 1, 2023, the minimum wage in Quebec is $14.25 per hour for most workers, which means offering $12 per hour would be below the legal minimum wage.

Question 9

An Ontario employer can offer an entry level wage of $12 per hour to new adult employees who do not serve liquor.

Accepted Answer

As of 2023, the general minimum wage in Ontario for most workers is higher than $12 per hour, making it illegal to offer such a low wage to new adult employees, regardless of whether they serve liquor.

Question 10

What is the minimum wage per hour that can be paid to an adult employee serving liquor directly to customers as part of their regular work in an Ontario business?

Accepted Answer

The answer of What is the minimum wage per hour...

Question 11

What is the minimum wage per hour that can be paid to a student under the age of 18 doing paid work in their own home in an Ontario business?

Accepted Answer

The answer of What is the minimum wage per hour...

Question 12

What is the minimum wage per hour that can be paid to an adult employee NOT serving liquor directly to customers as part of their regular work in a British Columbia business?

Accepted Answer

The answer of What is the minimum wage per hour...

Quiz 1: Calculation of Gross Earnings , Labour and Employment Standards

Amblake Co. offers a $600 prize to employees who have completed a voluntary survey to help them gather information about employee engagement. This bonus does not have to be taxed.

If an employee earns a salary of $58,500 per year, their weekly pay cycle salary would be:

If an employee earns a salary of $58,500 per year, their semi-monthly pay cycle salary would be:

If Mary earns $260,000 per year how much does she earn per week?

The following is not an example of a taxable allowance:

Ontario employees may be unpaid during their vacation from work if they receive 4% of their gross earnings in lieu of vacation each pay (or 6% with 5+ years of service).

A Quebec employer can offer an entry level wage of $12 per hour to new adult employees who do not serve liquor.

An Ontario employer can offer an entry level wage of $12 per hour to new adult employees who do not serve liquor.

What is the minimum wage per hour that can be paid to an adult employee serving liquor directly to customers as part of their regular work in an Ontario business?

What is the minimum wage per hour that can be paid to a student under the age of 18 doing paid work in their own home in an Ontario business?

What is the minimum wage per hour that can be paid to an adult employee NOT serving liquor directly to customers as part of their regular work in a British Columbia business?