The amount an employee earns before any deductions such as EI, CPP, and income tax withholdings is theMultiple ChoiceTake home payGross payTaxable incomeDeductible payNet pay

Gross pay isMultiple ChoiceTake-home payDeductions withheld by an employerTotal compensation earned by an employeeThe amount of the pay chequeSalaries after taxes are deducted

Total Income under the Income Tax Act includes income fromAnswer areaOnly salary sourcesAll sources after allowed deductionsAll sources before any deductionsOnly salary sources

The employer should record payroll deductions asMultiple ChoiceEmployee receivablesWages payableCurrent liabilitiesPayroll taxes expenseEmployee payables

Multiple Choice QuestionTake-home pay is:Multiple choice question.the same as total cash inflow.earnings (salary, wages, and commissions) after deducting for taxes and other items.total of salary, wages, and commissions earned during a pay period.the same as discretionary income.

The principle of tax that stipulates that the time, mode and amount to be paid should be clear to the tax payer is Question 10Answer