Which One of the Following Payroll Costs Does NOT Result

question 134

Multiple Choice

Which one of the following payroll costs does NOT result in an expense for the employer?

• A) CPP (Canada Pension Plan)
• B) Federal and provincial personal income tax
• C) Employment Insurance (EI)
• D) QPP (Quebec Pension Plan)

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Definitions:

Federal Income Tax

A tax levied by the United States federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Debtor in Possession

A debtor who retains possession and control of their assets while undergoing a reorganization under bankruptcy law, typically in Chapter 11 bankruptcy proceedings.

Liquidating

The process of closing a business and distributing its assets to claimants, often in the event of bankruptcy.

Assets

Resources or items of value owned by an individual or business, which can be used to cover liabilities or generate income.