When Preparing a Payroll Journal Entry for a Salaried Employee

question 23

Multiple Choice

When preparing a payroll journal entry for a salaried employee you must -

• A) record the regular hours worked to determine the salary amount
• B) show the hours worked during the period for EI purposes
• C) show the hours worked during the period for CPP purposes
• D) show the hours worked during the period for WCB (or WSIB) purposes

Recognize the importance of purpose and audience analysis in creating workplace documents.

Understand the general effectiveness and reliability of criminal profiling.

Recognize the limitations and success rates of criminal profiling in different contexts.

Comprehend basic principles and methodologies underlying personality testing, including the MMPI-2.

---

Definitions:

Real Future Value

The measure of the future value of an investment or stream of cash flows, adjusted for inflation, to reflect the actual purchasing power of that future amount.

Inflation

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Deposit Insurance

Deposit Insurance is a protection scheme for bank depositors that guarantees the safety of deposits in member banks, up to a certain limit, in the event of a bank failure.

Moral Hazard

A situation in which one party is more likely to take risks because they do not have to bear the full consequences of their actions, often seen in insurance and finance.