Chapter 1 Practice Exam 2026/2027
Updated Verified Questions and Solutions
A+ Pass Guaranteed
1. The primary objective of the payroll function
- ANS - To pay employees accurately and on time, in
compliance with legislative requirements, for a full
annual payroll cycle.
2. Payroll practitioners must be able to
- ANS - Ensure that the employees have been paid and be
able to communicate payroll information to all
stakeholders.
3. Payroll
- ANS - The process of paying employees in exchange for
the services they perform.
, 4. The term "payroll" can also mean
- ANS - -The department that administers payroll
-The total number of people employed by an organization
-The wages and salaries paid out in a year
-A list of employees to be paid and the amount due to
each Legislation
- ANS - Laws enacted by a legislative body.
5. Compliance
- ANS - The observance of official requirements according
to federal and provincial/territorial legislative and non-
governmental stakeholder requirements.
6. Statutory
- ANS - Legislation that is enacted, created or regulated by
a legislative branch of the government.
7. Knowledge required of a payroll practitioner
- ANS - -Payroll compliance legislation
8. -Payroll process