Question

question 1

which of the following types of earnings are subject to the employer health tax in ontario

a) legislated wages in lieu of notice

b) retiring allowance

c) pension payments

d) all of the above

question 2

Teresa drove a company car 15,000 personal kilometres in 2019. the total kilometres driven for the year were 25,000 kilometres. the actual operating cost for this automoblie were $ 868.00, including taxes. what would Teresa's portion of these operating cost be if she was going to reimburse the organization?

question 3

Tammy's 2019 total automobile benefit was $ 4856.00. this amount included her standby charges of $3256.00 and operating cost benefit of $ 1,600.00. based on this numbers, calculate Tammy's 2019 eatimated bi-weekly automobile non-cash taxable benefit.

question 4

Trucking company has employees who report to work at and are paid from the company's location in Newfoundland and labrador. the employer also has employees who report to work at and are paid from their location in british columbia. what renumeration is subject to the helath and post secondary educatiin tax?

a) taxable renumeration for employees working in british columbia

b) taxable renuneration for employees working in newfounland and labrador

c) taxable renuneration for employees working in both newfoundland and labrador and british columbia

d) none of the above

question 5

if a combination allowance of a flat dollar amount and a per kilometer amount is paid for the same use of the automobile, they are considered _____________?

Answer 1

1) correct answer is option A :Legislated wages in lieu of notice

Reason and explanation

Employer Health Tax (EHT) is a payroll tax on remuneration paid to employees and former employees.

So Remmunaration includes following

*Salary and Wages

* Bonus and commision

*advance of salaries and wages

*Vacation pay

* Director fees etc.

*legislated wages in lieu of notice

Exclusions Will be

  

• Employer-paid contributions or premiums to
  • Registered pension plan
  • Private health services plan
  • Supplementary unemployment benefit plan
  • Deferred profit sharing plan
  • Retirement compensation arrangement
• Pensions, annuities or superannuation benefits paid by employers to a retired employee
• Retiring allowances and severances
• Death benefits
• Dividend income

* This is not a complete list of exclusions and inclusion in remmunaration