A Company Has 10 Employees Who Earned a Total of $30,000

question 26

Multiple Choice

A company has 10 employees who earned a total of $30,000 in January ($3,000 each) .CPP taxes are 4.95% paid by employees and 4.95% paid by the employer. Income tax withholdings amount to $4,500. The employee EI rate is 1.88% of the total, and the employer EI contribution is 1.4 times the employee portion. The gross pay of the 10 employees during January is:

• A)$28,230.
• B)$30,000.
• C)$29,190.
• D)$33,209.
• E)$33,113.

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Definitions:

Criterion Validity

The extent to which a measure is related to an outcome or criterion that it is supposed to predict.

Internal Consistency Validity

A measure of the reliability of a test or scale, indicating how well the items on the test measure the same construct or concept.

Content Validity

The extent to which a test measures all aspects of the concept or content it intends to measure.

Multiple-Forms Reliability

A type of reliability test where different forms of a test are administered to the same group of people, measuring the consistency of the results across the different forms.