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National Payroll Institute PF1 Exam Syllabus Topics:

National Payroll Institute Payroll Fundamentals 1Exam Sample Questions:

1. An interruption of earnings occurs when there is a period of how many days with no insurable earnings?

A) Five business days
B) Seven business days
C) Five calendar days
D) Seven calendar days

2. The authorization for hiring form should contain a checklist to ensure the organization obtains all required information. What is an example of an item that could be on that checklist?

A) A benefit enrollment form
B) All of the above
C) A clearance certificate
D) A completed T1213

3. Raminder was hired in January 1997. He was fully vested in the organization's pension plan at the time he received the retiring allowance. His employment was terminated on May 1, 2006 and he was paid a
$10,000.00 retiring allowance. Calculate the eligible portion of the retiring allowance.

A) $7,500.00
B) $2,000.00
C) None of the retiring allowance is eligible
D) $10,000.00

4. When would a Record of Employment be issued for an employee paid mainly by commission?

A) When the employment relationship has been severed
B) When the employee has had seven consecutive calendar days without both work and insurable earnings
C) An employee mainly paid by commission is not entitled to receive a Record of Employment
D) When the employee has not earned any commission after six months

5. Alyssa is a member of her employer's Defined Contribution Pension Plan. The plan defines the contribution as 3% of the employee's pensionable earnings, with the employer matching the employee's contribution.
Alyssa's pensionable earnings are $3,400.00 per month. Calculate the total payment to be remitted to Alyssa's Defined Contribution Pension Plan each month.

Solutions: