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@@ -7,16 +7,20 @@
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# https://www.sphinx-doc.org/en/master/usage/configuration.html#project-information
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project = 'Canadian Payroll Administration'
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copyright = '2025, Alexandre Bobkov'
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copyright = '2025'
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author = 'Alexandre Bobkov'
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release = 'HR'
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# -- General configuration ---------------------------------------------------
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# https://www.sphinx-doc.org/en/master/usage/configuration.html#general-configuration
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extensions = []
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extensions = [
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"sphinx.ext.autodoc",
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#"sphinx_favicon",
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]
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templates_path = ['_templates']
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include_patterns = ['*.rst', '*.md']
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exclude_patterns = []
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# The master toctree document.
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@@ -4,4 +4,16 @@ Payroll Accounting
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***************
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Journal Entries
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***************
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***************
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Payroll accounting is a critical component of the Canadian Payroll Administration system. It involves the systematic recording, analysis, and reporting of payroll transactions to ensure that all financial aspects of employee compensation are accurately reflected in the organization's financial statements.
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Payroll accounting includes the management of employee wages, tax withholdings, benefit deductions, and other payroll-related expenses. The system is designed to automate these processes, ensuring accuracy and compliance with Canadian payroll regulations.
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Journal Entries
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-----------------
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Journal entries are a key part of payroll accounting, as they document the financial impact of payroll transactions on the organization's accounts. Each payroll run generates a series of journal entries that reflect the distribution of wages, taxes, and deductions across various accounts.
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These entries are essential for maintaining accurate financial records and ensuring that the organization's financial statements reflect the true cost of employee compensation. The Canadian Payroll Administration system automates the generation of these journal entries, reducing the risk of errors and ensuring compliance with accounting standards.
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| DR Payroll Expenses $10,500.00
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| CR Payroll Payable $10,500.00
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@@ -1,75 +1,9 @@
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################
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==================
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REVIEW QUESTIONS
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################
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==================
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This section contains review questions for the material covered in the course. These questions are designed to test your understanding and help reinforce the concepts learned.
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************************
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New Employee Information
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************************
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What does the employee’s signature on an offer letter provide to the employer?
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When an employee signs an offer of employment, they are implicitly providing
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consent for the employer to collect and use information that is reasonably required
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for employment purposes. When the offer letter clearly states that the organization
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will be collecting, using and disclosing employee information required by
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government agencies, pension plan administrators and benefit carriers, the
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employee’s signature would provide express consent.
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What types of documents are typically included in a commencement package?
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The documents included in the commencement package are typically a
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combination of: organization-specific forms, such as personal information forms government forms, such as the federal and provincial/territorial Personal
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Tax Credits Return – TD1 and Source Deductions Return – TP-1015.3-V in
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Québec benefits forms, such as insurance enrollment forms
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Name three forms that are commonly included in a commencement package.
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Common forms included in a commencement package are:
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\i an authorization for hiring
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\i direct deposit agreement
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\i a union membership application (for unionized workplaces)
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\i benefits enrollment, if applicable (for example, health and dental coverage, optional life insurance coverage, the organization's pension plan)
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\i a confidentiality agreement
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What document must an employer verify when hiring an individual with a 900-series
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Social Insurance Number?
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Employers hiring an individual with a 900-series Social Insurance Number must
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ensure that the documentation has a valid date, that the work permit is valid and
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that all terms and conditions of the permit are being followed.
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What doespayroll use the information provided on the Personal Tax Credits Return TD1 and theSource Deductions Return - TP-1015.3-V for?
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An employer needs the employee’s written authorization to deduct premiums from
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an employee’s pay. The employee’s signature on the benefit enrollment forms
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authorizes the deduction.
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The Worksheet for the Personal Tax Credits Return – TD1-WS is used to calculate
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partial claim amounts for:
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a. estimated annual income of $151,978 or more
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b. age
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c. Canada caregiver amount for eligible dependant or spouse or common-law partner
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d. Canada caregiver amount for dependant(s) age 18 or older
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e. *all of the above*
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An employee, who lives in Québec and works at an employer’s permanent establishment
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in Ontario, will have income tax deducted based on _________ income tax rates and file
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their income tax return, subject to _________ income tax rates.
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a. Ontario, Ontario
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b. Québec, Ontario
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c. Ontario, Québec
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d. *Québec, Québec*
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True or False. New employees must complete a federal Personal Tax
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*************************
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Review Questions Answers
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*************************
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This section provides the answers to the review questions presented in the course. Use these answers to check your understanding and clarify any concepts that may be unclear.
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.. note::
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If you have any questions or need further clarification on any of the answers, please refer to the course material or contact your instructor for assistance.
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.. _review_questions_answers_section:
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