Question

1. Employers who do not deduct statutory withholdings from employee payments have nothing to worry about. T or F

2. Most payroll software is capable of checking the validity of Social Insurance Numbers. T or F

3. The employee is the only stakeholder in the payroll process. T or F

4. Employers who fail to deduct proper withholdings from employee payments may be forced to take on the cost of these missed deductions. T or F

5. Employers are permitted to use a Social Insurance Number as an employee ID for an internal social club. T or F

6. An electrician is paid to install a sensor light in your manufacturing business. He provides his own tools, sets his own hours, and can subcontract his work. This person is a (an):

Employee or Contractor

7. If the worker is provided with all of the tools required to do the job and are not responsible for maintenance and insurance of these tools, the worker is likely:

An employee or Self-employed

8. If the worker is supervised while on the job and required to follow a schedule of hours determined by the supervisor, the worker is likely:

An employee or Self-employed

9. If the worker has the option to sub-contract their work to others for profit, the worker is likely:

An employee or Self-employed

Answer 1

Solution :

1. Employers who do not deduct statutory withholdings from employee payments have nothing to worry about. T or F

False: There are Two types of deduction 1) Mandatory and 2) Voluntary. Incase of Voluntary deductions , it can be  withheld from an employee's paycheck only if the employee has agreed to the deduction or it is optional. Mandatory deductions has to be done or they are various Penalties in case of non deduction by employer also it depend on the countries rules.

2. Most payroll software is capable of checking the validity of Social Insurance Numbers. T or F

True : Most payroll software are capable of checking the validity of social insurance numbers as SIN has become a National Identification Number.

3. The employee is the only stakeholder in the payroll process. T or F

False : Following are the stakeholders in the payroll process : Incase of internal - employees, employers and other departments and external - benefit carriers, courts, unions, pension providers, charities, payroll vendors.

4. Employers who fail to deduct proper withholdings from employee payments may be forced to take on the cost of these missed deductions.

True - Employers who fail to deduct proper with holdings from employee payments may be forced to take on the cost of these missed deductions along with various other penalties in forced by the government.

5. Employers are permitted to use a Social Insurance Number as an employee ID for an internal social club. T or F

False : Employers are not permitted to use a Social Insurance Number as an employee ID

6. An electrician is paid to install a sensor light in your manufacturing business. He provides his own tools, sets his own hours, and can subcontract his work. This person is a (an):

Ans :  Contractor

7. If the worker is provided with all of the tools required to do the job and are not responsible for maintenance and insurance of these tools, the worker is likely:

An employee

8. If the worker is supervised while on the job and required to follow a schedule of hours determined by the supervisor, the worker is likely:

An employee

9. If the worker has the option to sub-contract their work to others for profit, the worker is likely:

Self-employed