Which is a major advantage of benefits to employees?
A) Benefits are not reported to Revenue Canada.
B) Benefits are generally taxed at a lower rate than earned income.
C) Benefits are generally not taxed as income.
D) In provinces where income tax applies, benefits are calculated as a tax deduction.
Correct Answer:
Verified
Q4: Which of these best defines employee benefits?
A)non-efficient
Q5: Which of the following statements accurately describes
Q6: When it comes to pension plans, what
Q7: Some benefits employers in Canada are required
Q8: Charlene, the director of compensation, wishes to
Q10: Who administers Employment Insurance?
A)the individual provinces
B)the WCB
C)the
Q11: In one type of retirement plan, the
Q12: How are Canada or Quebec Pension Plan
Q13: On average, which percentage of employers' payrolls
Q14: Tamika is an ambitious 22-year-old single woman
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