National Payroll Institute PF1

In recent years, more and more people choose to take National Payroll Institute PF1 certification exam. Because the exam can help you get the National Payroll Institute certificate which is an important basis for measuring your IT skills. With the National Payroll Institute certificate, you can get a better life.

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National Payroll Institute PF1 Exam Syllabus Topics:

National Payroll Institute Payroll Fundamentals 1Exam Sample Questions:

1. The Canada Revenue Agency form that is completed to allow a commissioned employee to claim non- reimbursed expenses at source is a:

A) TD1X
B) T777
C) TP-1015.R.13.1-V
D) TD1

2. Ronda earns $12.50 per hour and worked 40 hours this week. Calculate her Canada Pension Plan (CPP) contribution for this weekly pay period.

3. A premium payment for overtime hours worked or a rate per piece of goods produced is an example of:

A) Earnings
B) Benefits
C) Allowances
D) Expense reimbursements

4. Which statutory deductions is salary continuance subject to?

A) All deductions except Quebec Parental Insurance Plan premiums
B) All deductions except Employment Insurance and Quebec Parental Insurance Plan premiums
C) All deductions
D) All deductions except Employment Insurance premiums

5. An organization pays the premiums for a sickness or accident plan for their president only. This would be considered:

A) None of the above
B) A non-cash taxable benefit
C) A taxable allowance
D) A cash taxable benefit

Solutions: