Question

1. payroll administrators are advised to confirm charitable agency's registration with the CRA by: a. Using...

1. payroll administrators are advised to confirm charitable agency's registration with the CRA by:

  • a. Using the CRA search website

  • b.Using the Mozilla search website

  • c.Calling the agency directly

  • d.Calling the local police

  • e.Calling Service Canada

  • 2. Which deductions must be calculated first in payroll processing?

  • a. Statutory deduction

  • b. Garnishment orders

  • c. Employer compulsory deductions

  • d. Employer voluntary deductions

  • e. Deduction order is irrelevant

  • 3. the following statement is not true regarding employer sponsored Registered Retirement Savings Plans.

  • a. The final retirement benefit is known in advance.

  • b. Allow employers to reduce taxes from source deductions.

  • c. Fees are usually lower than for individuals.

  • d. Contributions may be made by the employer, the employee or both depending on the structure of the plan.

  • e. Employee access is often limited to the principal or interest income prior to retirement.

  • 4. Examples of payroll deductions that are not acceptable include all but the following:

  • a. Deductions for cash shortages

  • b. Deductions for inventory shortages

  • c. Deductions for employee social funds

  • d. Deductions for cleaning uniforms

  • e. Deductions for product damage

  • 5. this type of pension plan is administered by a trustee according to a formula for the amount of pension benefits the worker will receive when claimed.

  • a. Defined Benefit Pension Plans

  • b. Defined Contribution Pension Plans

  • c. Registered Retirement Savings Plans

  • d. Deferred Profit Sharing Plans

  • e. Defined Development Pension Plans

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Answer #1

There are multiple questions, therefore as a rule, only the first question is answered.

Q: 1. payroll administrators are advised to confirm charitable agency's registration with the CRA by:

Most appropriate response: (a) Using the CRA search website

Justification:
The CRA website is the updated database which contains the official list of charities registered, revoked, annulled, etc.
Therefore, it is the most reliable source to confirm the charitable agency's registration.

Ruling out of other options:
None of the other options can provide an up-to-date and accurate response. Moreover, the CRA search website is maintained by the Govt., hence it is the most reliable, unlike using the Mozilla search website or Calling the agency directly or Calling the local police or Calling Service Canada

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