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National Payroll Institute Payroll Fundamentals 1Exam Sample Questions:
1. The source deductions form completed by all new employees in Quebec is called:
A) TD1-AB
B) T2222
C) T1213
D) TP-1015.3-V
2. The formula for calculating net pay is:
A) Gross earnings minus total deductions
B) Net taxable income minus total deductions
C) Gross earnings minus total tax
D) Pensionable earnings minus total deductions
3. Which of the following types of payments made by a private organization would not be subject to all statutory deductions?
A) Retroactive adjustment
B) Performance bonus
C) Vacation pay when no time was taken
D) Directors' fees
4. Steve is physically disabled and his employer pays for his parking spot. This is considered:
A) None of the above
B) A taxable allowance
C) A cash taxable benefit
D) A non-cash taxable benefit
5. Elodie is paid her commissions together with her bi-weekly salary of $1,000.00. This pay period her commissions are $4,300.00. Calculate her Quebec Pension Plan (QPP) contribution for this pay period.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: Only visible for members |



