Payroll 1 Questions and Answers with Verified Solutions

Payroll 1 Questions and Answers with Verified Solutions **What does the Canada Labour Code legislation primarily address?** A) Standard working hours B) Employee benefits C) Industrial relations, occupational health and safety, and employment standards D) Labour unions ** Answer: C) Industrial relations, occupational health and safety, and employment standards** **What term describes an arrangement where an employee works longer hours per day but fewer days per week?** A) Flextime B) Overtime C) Compressed work week D) Part-time schedule ** Answer: C) Compressed work week** **How are Ontario Health Premiums calculated?** A) Based on employee age B) Proportional to hours worked C) Depending on marital status D) Employee earnings exceeding $20,000.00 ** Answer: D) Employee earnings exceeding $20,000.00** **Which Canadian province funds its healthcare coverage through premiums?** A) Ontario B) Alberta C) British Columbia D) Québec ** Answer: C) British Columbia** **Which government agency determines the yearly maximum insurable earnings for Employment Insurance premiums?** A) Canada Revenue Agency B) Employment and Social Development Canada C) Department of Labour D) Canada Pension Plan ** Answer: B) Employment and