Payroll ComPlianCe legislation Course midterm exam newest 2025/2026
with ComPlete 71 Questions and CorreCt answers |already graded
a+||Brand new Version!
Objective of the Payroll Function - CorreCt answer-Pay employees
accurately and on time, in compliance with legislative requirements for a full
annual payroll cycle
Payroll definition - CorreCt answer-is the process of paying employees in
exchange for the services they perform.
4 Possible Meanings of Payroll - CorreCt answer-1. The department that
administers the payroll
2. The total number of people employed by an organization
3. The wages and salaries paid out in a year
4. A list of persons to be paid and the amount due to each
Legislation defintion - CorreCt answer-refers to laws enacted by a
legislative body. In Canada, there are many legislative sources that payroll
professionals must comply with at two separate levels - the federal and the
provincial/territorial governments
,Compliance definition - CorreCt answer-is the observance of official
requirements
Legislative means having the powers to... - CorreCt answer-create laws
Legislative requirements are termed ________ - CorreCt answer-statutory
(meaning they are enacted, created, or regulated by a statute, a law enacted
by the legislative branch of a government)
Payroll professionals must therefore ensure the organization is compliant
with ____________ - CorreCt answer-all stakeholder requirements
è There are also compliance requirements for other non-governmental
stakeholders which would include: (2) - CorreCt answer-o Union collective
agreements
o Group insurance policies
A Payroll Practitioner's responsibilities will differ depending on: (4) - CorreCt
answer-- Size of the organization
- The number of jurisdictions in which they pay
- The reporting structure under which they work
- Whether there are other related departments in the organization (such as
HR, Finance, and Administration)
3 levels in a payroll department within a large organization - CorreCt
answer-- payroll administrators
- payroll coordinators
, - payroll managers
Payroll Practitioners should know the following to effectively perform their
duties: (3) - CorreCt answer-1. Payroll compliance legislation (the Income
Tax Act, the Employment Insurance Act, the Canada Pension Plan Act,
Employment/Labour Standards, privacy legislation, Workers' Compensation
and provincial/territorial payroll-specific legislation)
2. payroll processes (the remuneration and deduction components of payroll)
3. payroll reporting (calculating and remitting amounts due to government
agencies, insurance companies, unions and other third parties)
Payroll Practitioner knowledge consists of: (3) - CorreCt answer-- Technical
skills
- Personal & professional skills
- Behavioural& ethical standards
The National Payroll Institute's Code of Professional Conduct - CorreCt
answer-· Minimum standards of professional behaviour
· Addresses issues around personal accountability and integrity
· Reflects the Institute's values of community, professionalism and
authoritative knowledge
· Holds Institute and certification holders, members and students to a high
ethical standard
· Payroll management stakeholders are: (3) - CorreCt answer-- Federal and
Provincial/territorial governments
- Internal stakeholders
- External stakeholders
with ComPlete 71 Questions and CorreCt answers |already graded
a+||Brand new Version!
Objective of the Payroll Function - CorreCt answer-Pay employees
accurately and on time, in compliance with legislative requirements for a full
annual payroll cycle
Payroll definition - CorreCt answer-is the process of paying employees in
exchange for the services they perform.
4 Possible Meanings of Payroll - CorreCt answer-1. The department that
administers the payroll
2. The total number of people employed by an organization
3. The wages and salaries paid out in a year
4. A list of persons to be paid and the amount due to each
Legislation defintion - CorreCt answer-refers to laws enacted by a
legislative body. In Canada, there are many legislative sources that payroll
professionals must comply with at two separate levels - the federal and the
provincial/territorial governments
,Compliance definition - CorreCt answer-is the observance of official
requirements
Legislative means having the powers to... - CorreCt answer-create laws
Legislative requirements are termed ________ - CorreCt answer-statutory
(meaning they are enacted, created, or regulated by a statute, a law enacted
by the legislative branch of a government)
Payroll professionals must therefore ensure the organization is compliant
with ____________ - CorreCt answer-all stakeholder requirements
è There are also compliance requirements for other non-governmental
stakeholders which would include: (2) - CorreCt answer-o Union collective
agreements
o Group insurance policies
A Payroll Practitioner's responsibilities will differ depending on: (4) - CorreCt
answer-- Size of the organization
- The number of jurisdictions in which they pay
- The reporting structure under which they work
- Whether there are other related departments in the organization (such as
HR, Finance, and Administration)
3 levels in a payroll department within a large organization - CorreCt
answer-- payroll administrators
- payroll coordinators
, - payroll managers
Payroll Practitioners should know the following to effectively perform their
duties: (3) - CorreCt answer-1. Payroll compliance legislation (the Income
Tax Act, the Employment Insurance Act, the Canada Pension Plan Act,
Employment/Labour Standards, privacy legislation, Workers' Compensation
and provincial/territorial payroll-specific legislation)
2. payroll processes (the remuneration and deduction components of payroll)
3. payroll reporting (calculating and remitting amounts due to government
agencies, insurance companies, unions and other third parties)
Payroll Practitioner knowledge consists of: (3) - CorreCt answer-- Technical
skills
- Personal & professional skills
- Behavioural& ethical standards
The National Payroll Institute's Code of Professional Conduct - CorreCt
answer-· Minimum standards of professional behaviour
· Addresses issues around personal accountability and integrity
· Reflects the Institute's values of community, professionalism and
authoritative knowledge
· Holds Institute and certification holders, members and students to a high
ethical standard
· Payroll management stakeholders are: (3) - CorreCt answer-- Federal and
Provincial/territorial governments
- Internal stakeholders
- External stakeholders
