Description 1 attachmentsSlide 1 of 1attachment_1attachment_1.slider-slide > img { width: 100%; display: block; } .slider-slide > img:focus { margin: auto; } Unformatted Attachment Preview Payroll Fundamentals Quiz 8 – Workers Compensation Remittances 1. Why might an organization be required to provide workers’ compensation coverage for a contract worker? 2. True or False. Bonus payments are considered assessable for workers’ compensation in all jurisdictions. 3. Wages in lieu of notice are considered assessable in the following jurisdictions: a. Manitoba, Nova Scotia, Nunavut, Prince Edward Island, New Brunswick, British Columbia b. British Columbia, Québec, Yukon c. Alberta, Ontario, Newfoundland & Labrador, Northwest Territories d. a and c 4. Complete the following chart using Student Guide Data JURISDICTION MAXIMUM ASSESSABLE EARNINGS CURRENT YEAR New Brunswick British Columbia Manitoba Québec Nova Scotia Northwest Territories Ontario 5. Calculate the total assessable earnings for the following Alberta payroll: EXCESS EMPLOYEE GROSS ANNUAL EARNINGS EARNINGS MAXIMUM ASSESSABLE EARNINGS Nadira Singh $97,932.12 Jamie Barnacoat $20,559.24 Chris Carter $99,578.10 Alfred Ho $42,300.00 Totals Total gross earnings Less total excess earnings Total assessable earnings 6. Calculate the total weekly assessable earnings for the following Québec construction industry payroll: EMPLOYEE Véronique Bolduc Audrey Verreault Claire Roy VÉRONIQUE BOLDUC Gross earnings Weekly maximum Excess earnings Assessable earnings GROSS EARNINGS WEEK 1 $896.00 GROSS EARNINGS WEEK 2 $943.00 GROSS EARNINGS WEEK 3 $1,314.70 GROSS EARNINGS WEEK 4 $1,232.70 $1,778.85 $1,951.85 $1,778.85 $1,904.85 $759.00 $845.00 $827.00 $793.00 WEEK 1 WEEK 2 WEEK 3 WEEK 4 VERREAULT Gross earnings Weekly maximum Excess earnings WEEK 1 WEEK 2 WEEK 3 WEEK 4 Assessable earnings CLAIRE ROY Gross earnings Weekly maximum Excess earnings Assessable earnings WEEK 1 WEEK 2 WEEK 3 WEEK 4 Assessable earnings Payroll Processing 7. In which two jurisdictions does the industry type affect an organization’s workers’ compensation premium remittance frequency? 8. List the criteria that must be met before an employer may be considered eligible to make workers’ compensation payments in multiple installments. 9. A quarterly remitter in British Columbia must send in workers’ compensation payments no later than: a. the 20th of the month following the end of each quarter b. the 15th of the month following the end of each quarter c. the 20th of the following month d. the 15th of the following month 10. True or False. Employers with a Commission de la santé et de la sécurité du travail account remit their premiums to the Canada Revenue Agency according to their source deduction remittance frequency. 11. In which jurisdiction may an employer be liable for workers’ injury expenses during the time the employer’s premium is unpaid? 12. In which jurisdiction may the WCB order an employer with unpaid premiums to cease employing workers until the default is remedied to the satisfaction of the board? 13. Which documents might a workers’ compensation auditor want to review during an employer audit? 14. You are the Payroll Manager for Inter-provincial Marketing Inc. You have employees in Ontario and Saskatchewan. The annual assessable earnings in each province are as follows: Ontario $2,500,000.00 Saskatchewan $ 800,000.00 When are the premium remittances due during the year? Purchase answer to see full attachment Tags: accounting human resources Compensation Plans User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.
Description
1 attachmentsSlide 1 of 1attachment_1attachment_1.slider-slide > img { width: 100%; display: block; }
.slider-slide > img:focus { margin: auto; }
Unformatted Attachment Preview
Payroll Fundamentals
Quiz 8 – Workers Compensation Remittances
1. Why might an organization be required to provide workers’ compensation coverage for a
contract worker?
2. True or False. Bonus payments are considered assessable for workers’ compensation in all
jurisdictions.
3. Wages in lieu of notice are considered assessable in the following jurisdictions:
a. Manitoba, Nova Scotia, Nunavut, Prince Edward Island, New Brunswick, British
Columbia b. British Columbia, Québec, Yukon
c. Alberta, Ontario, Newfoundland & Labrador, Northwest
Territories
d. a and c
4. Complete the following chart using Student Guide Data
JURISDICTION
MAXIMUM ASSESSABLE
EARNINGS CURRENT YEAR
New Brunswick
British Columbia
Manitoba
Québec
Nova Scotia
Northwest Territories
Ontario
5. Calculate the total assessable earnings for the following Alberta payroll:
EXCESS
EMPLOYEE
GROSS
ANNUAL
EARNINGS
EARNINGS
MAXIMUM
ASSESSABLE
EARNINGS
Nadira Singh
$97,932.12
Jamie Barnacoat
$20,559.24
Chris Carter
$99,578.10
Alfred Ho
$42,300.00
Totals
Total gross earnings
Less total excess earnings
Total assessable earnings
6. Calculate the total weekly assessable earnings for the following Québec construction industry
payroll:
EMPLOYEE
Véronique
Bolduc
Audrey
Verreault
Claire Roy
VÉRONIQUE
BOLDUC
Gross earnings
Weekly
maximum
Excess
earnings
Assessable
earnings
GROSS
EARNINGS
WEEK 1
$896.00
GROSS
EARNINGS
WEEK 2
$943.00
GROSS
EARNINGS
WEEK 3
$1,314.70
GROSS
EARNINGS
WEEK 4
$1,232.70
$1,778.85
$1,951.85
$1,778.85
$1,904.85
$759.00
$845.00
$827.00
$793.00
WEEK 1
WEEK 2
WEEK 3
WEEK 4
VERREAULT
Gross earnings
Weekly
maximum
Excess earnings
WEEK 1
WEEK 2
WEEK 3
WEEK 4
Assessable
earnings
CLAIRE
ROY
Gross
earnings
Weekly
maximum
Excess
earnings
Assessable
earnings
WEEK 1
WEEK 2
WEEK 3
WEEK 4
Assessable
earnings
Payroll Processing
7. In which two jurisdictions does the industry type affect an organization’s workers’
compensation premium remittance frequency?
8. List the criteria that must be met before an employer may be considered eligible to make
workers’ compensation payments in multiple installments.
9. A quarterly remitter in British Columbia must send in workers’ compensation payments no later
than:
a. the 20th of the month following the end of each quarter
b. the 15th of the month following the end of each quarter
c. the 20th of the following month
d. the 15th of the following month
10. True or False. Employers with a Commission de la santé et de la sécurité du travail account
remit their premiums to the Canada Revenue Agency according to their source deduction
remittance frequency.
11. In which jurisdiction may an employer be liable for workers’ injury expenses during the time the
employer’s premium is unpaid?
12. In which jurisdiction may the WCB order an employer with unpaid premiums to cease
employing workers until the default is remedied to the satisfaction of the board?
13. Which documents might a workers’ compensation auditor want to review during an employer
audit?
14. You are the Payroll Manager for Inter-provincial Marketing Inc. You have employees in Ontario
and Saskatchewan. The annual assessable earnings in each province are as follows:
Ontario $2,500,000.00
Saskatchewan $ 800,000.00
When are the premium remittances due during the year?
Purchase answer to see full
attachment
Tags:
accounting
human resources
Compensation Plans
User generated content is uploaded by users for the purposes of learning and should be used following Studypool’s honor code & terms of service.


