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Is income taxes vary based on province of employment

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Question 1. Employers are required to pay a slightly higher employment insurance premiums than employees. T or F

Question 2. Pensionable earnings include the value of gifts and awards, including trips. T or F

Question 3. Income taxes vary based on province of employment. T or F

Question 4. Canada Pension Plan is designed to provide income for young workers who are temporarily unemployed. T or F

Question 5. Income taxes can be calculated without the use of computer software.T or F

Question 6. Income taxes are withheld from an employee's earnings based on all but the following:

a. Province of employment
b. Claim for personal exemption
c. Reductions for employee contributions to a registered pension plan
d. Province of residence
e. Reductions for union dues deduction

Question 7. The following is not an accepted method to calculate the amount of taxes to be with-held.

a. Manual Calculations
b. Use of pre-printed tables from CRA
c. Telephone help service provided by CRA
d. Online tax deduction calculator provided by CRA
e. Use of tax formula tables incorporated into computer software

Reference no: EM132481377

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