National Payroll Institute Payroll Fundamentals 1Exam : PF1 Exam

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National Payroll Institute PF1 Exam Syllabus Topics:

National Payroll Institute Payroll Fundamentals 1Exam Sample Questions:

1. 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?

A) A completed T1213
B) A clearance certificate
C) Consent to withhold statutory deductions
D) A confidentiality agreement

2. The amount of notice the employer must give an employee depends on:

A) The industry in which the employer operates
B) The employee's length of service and the jurisdiction in which they live
C) The size of the employer's payroll
D) The employee's length of service and the jurisdiction in which they work

3. An employee has the use of a company-leased vehicle for both business and personal use. This is an example of:

A) An expense reimbursement
B) A benefit
C) An earning
D) An allowance

4. Which of the following deductions would be the last payroll withholding in order of priority?

A) Third Party Demand
B) Requirement to Pay
C) Voluntary insurance coverage
D) The organization's pension plan

5. Raminder was hired in January 1997. He was fully vested in the organization's pension plan at the time he received the retiring allowance. His employment was terminated on May 1, 2006 and he was paid a
$10,000.00 retiring allowance. Calculate the eligible portion of the retiring allowance.

A) $7,500.00
B) $2,000.00
C) $10,000.00
D) None of the retiring allowance is eligible

Solutions: