If a CPP Amount Is Missing in a Payroll Journal

question 26

Multiple Choice

If a CPP amount is missing in a payroll journal entry,it is most likely that -

• A)the employee has made the maximum contribution for the year
• B)the employee's province of employment does not require CPP contributions
• C)the employee makes CPP contributions outside of work
• D)all of the above are possible explanations

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Definitions:

Random

The lack of pattern or predictability in events, often referring to a selection method where each item has an equal chance of being chosen.

Manic-Depressive Illness

Also known as bipolar disorder, a mental health condition characterized by extreme mood swings, including emotional highs (mania or hypomania) and lows (depression).

Probability

The chance or likelihood that an event will happen, quantified as a number between 0 (impossible) and 1 (certain).

Biased Coin

A modified or manipulated coin which does not have an equal probability of landing on heads or tails, thus influencing the outcome of a flip.