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National Payroll Institute PF1 Exam Syllabus Topics:

National Payroll Institute Payroll Fundamentals 1Exam Sample Questions:

1. Tanya submitted a letter of resignation to her employer on April 2 of the current year advising that she would be resigning her position effective April 27 for the pay period ending April 28. What date will appear in Block
11 of Tanya's Record of Employment?

A) None of the above
B) April 27 of the current year
C) April 2 of the current year
D) April 30 of the current year

2. Evangeline earns $1,075.00 weekly plus $154.00 in overtime. Calculate Evangeline's Quebec Parental Insurance Plan (QPIP) premium.

3. Which pension plan requires the services of an actuary to study and forecast future needs of the plan to ensure the plan remains sufficiently funded to provide employees with their retirement benefits?

A) Defined benefit pension plan
B) Defined contribution pension plan
C) Registered Retirement Savings Plan
D) All of the above

4. Phan was employed fromMarch 1, 1992throughJanuary 10, 2007. He was not a member of the organization' s pension plan. Calculate the number of years eligible for the$1,500.00portion of a retiring allowance.

A) 5
B) 1
C) 0
D) 2

5. A retiring allowance includes:

A) Accumulated overtime
B) None of the above
C) Bonus or incentive pay
D) Legislated wages in lieu of notice in Quebec
E) Vacation pay

Solutions: