National Payroll Institute PF1 Actual Free Exam Questions & Community Discussion
Jasmine works for a Saskatchewan employer and earns $500.00 weekly. Calculate her Employment Insurance (EI) premium.
Correct Answer:
$8.15 (employee EI premium for the week)
Explanation:
For employees whose province of employment is outside Quebec (including Saskatchewan), EI premiums are calculated by multiplying the employee's insurable earnings by the employee EI premium rate for the year, up to the annual maximum insurable earnings. For 2026, the employee EI premium rate outside Quebec is $1.63 per $100 of insurable earnings (which is 1.63%).
Jasmine earns $500.00 weekly and (based on the question) we assume all earnings are insurable and she has not reached the annual maximum. Her EI premium is:
$500.00 × 1.63% = $500.00 × 0.0163 = $8.15.
This amount is deducted from the employee's pay and later remitted to the CRA as part of the employer's regular payroll remittance. The maximum insurable earnings for 2026 is $68,900, but at $500 per week she would only hit the maximum later in the year (if at all), so the weekly premium calculation above applies.
Explanation:
For employees whose province of employment is outside Quebec (including Saskatchewan), EI premiums are calculated by multiplying the employee's insurable earnings by the employee EI premium rate for the year, up to the annual maximum insurable earnings. For 2026, the employee EI premium rate outside Quebec is $1.63 per $100 of insurable earnings (which is 1.63%).
Jasmine earns $500.00 weekly and (based on the question) we assume all earnings are insurable and she has not reached the annual maximum. Her EI premium is:
$500.00 × 1.63% = $500.00 × 0.0163 = $8.15.
This amount is deducted from the employee's pay and later remitted to the CRA as part of the employer's regular payroll remittance. The maximum insurable earnings for 2026 is $68,900, but at $500 per week she would only hit the maximum later in the year (if at all), so the weekly premium calculation above applies.
Phan was employed fromMarch 1, 1992throughJanuary 10, 2007. He was not a member of the organization' s pension plan. Calculate the number of years eligible for the$1,500.00portion of a retiring allowance.
Correct Answer: C
Vote an answer
Explanation: Only visible for EduDump members. You can sign-up / login (it's free).
The authorization for hiring form should contain a checklist to ensure the organization obtains all required information. What is an example of an item that could be on that checklist?
Correct Answer: C
Vote an answer
Explanation: Only visible for EduDump members. You can sign-up / login (it's free).
Vacation pay on termination would be recorded in which Block(s) on the Record of Employment?
Correct Answer: B
Vote an answer
Explanation: Only visible for EduDump members. You can sign-up / login (it's free).
Phillip is being paid a severance payment with his final pay. Which block should this payment be reported on the Record of Employment?
Correct Answer: B
Vote an answer
Explanation: Only visible for EduDump members. You can sign-up / login (it's free).
In Block 6 of the Record of Employment, what pay period type is entered for employees who are paid salary plus regularly paid commission?
Correct Answer: B
Vote an answer
Explanation: Only visible for EduDump members. You can sign-up / login (it's free).
Bonus and incentive pays are subject to which statutory deductions?
Correct Answer: C
Vote an answer
Explanation: Only visible for EduDump members. You can sign-up / login (it's free).
In Block 12 of the Record of Employment, the final pay period ending date for employees who are paid solely by commission or are paid salary plus irregularly paid commission will be:
Correct Answer: D
Vote an answer
Explanation: Only visible for EduDump members. You can sign-up / login (it's free).
0
0
0
10