Question 3 What report provides information on each employee, including gorss pay, deductions and net pay, as well as the employer taxes associated with each employee? Record of Employment O Employee Summary Report O T4 Summary O Payroll Summary Report Question 4 How does QuickBooks help ensure an employer pays taxes on time and in the correct amount? You can link your company file with CRA for automatic filing and payment O You can run reports that break down the taxes due by employee OIt reminds you of upcoming tax payments (when and how much) OIt automatically sends the Administrator an email wehn taxes are coming due

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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Question 3
What report provides information on each employee, including gorss pay, deductions
and net pay, as well as the employer taxes associated with each employee?
O Record of Employment
O Employee Summary Report
O T4 Summary
O Payroll Summary Report
Question 4
How does QuickBooks help ensure an employer pays taxes on time and in the
correct amount?
O You can link your company file with CRA for automatic filing and payment
OYou can run reports that break down the taxes due by employee
It reminds you of upcoming tax payments (when and how much)
OIt automatically sends the Administrator an email wehn taxes are coming due
Transcribed Image Text:Question 3 What report provides information on each employee, including gorss pay, deductions and net pay, as well as the employer taxes associated with each employee? O Record of Employment O Employee Summary Report O T4 Summary O Payroll Summary Report Question 4 How does QuickBooks help ensure an employer pays taxes on time and in the correct amount? O You can link your company file with CRA for automatic filing and payment OYou can run reports that break down the taxes due by employee It reminds you of upcoming tax payments (when and how much) OIt automatically sends the Administrator an email wehn taxes are coming due
Question 1
What is a reason an employee should update their TD1 form?
O They got a promotion
O It's the start of a new quarter
O They have had a major persona life event (marriage, divorce, birth of a child, etc.)
OIt's the end of a pay period
Question 2
What annual return are employers required to file with CRA every February for the
previous calendar year?
Record of Employment
TB1
O Payroll Summary
O T4
Transcribed Image Text:Question 1 What is a reason an employee should update their TD1 form? O They got a promotion O It's the start of a new quarter O They have had a major persona life event (marriage, divorce, birth of a child, etc.) OIt's the end of a pay period Question 2 What annual return are employers required to file with CRA every February for the previous calendar year? Record of Employment TB1 O Payroll Summary O T4
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