You have just been advised that your organization is opening an office in Québec. Describe the employer contributions that are specific to the province of Québec, their rates and thresholds where available. (Do not include the organization’s portion of the statutory deductions.)
Answers
If your organization is opening an office in Québec, it is important to understand the employer contributions specific to the province of Québec.
These contributions and their rates and thresholds are outlined below:
1. Quebec Pension Plan (QPP) QPP is a mandatory retirement plan that provides retirement, survivor, and disability benefits. Employers must make contributions on behalf of their employees. The maximum employer contribution rate for 2021 is 6.37% on earnings up to a maximum annual amount of $61,600.
2. Quebec Parental Insurance Plan (QPIP)QPIP is a mandatory insurance plan that provides income replacement to eligible parents on parental leave. Employers must make contributions on behalf of their employees. The maximum employer contribution rate for 2021 is 0.496% on earnings up to a maximum annual amount of $83,500.
3. Quebec Health Services Fund (QHSF)QHSF is a fund that provides funding for the healthcare system in Québec. Employers must make contributions on behalf of their employees. The contribution rate for 2021 is 2.7% on total payroll up to a maximum annual amount of $82,700.
4. Commission des normes, de l'équité, de la santé et de la sécurité du travail (CNESST)CNESST is a government agency responsible for enforcing occupational health and safety standards in Québec. Employers must make contributions to CNESST on behalf of their employees. The contribution rate for 2021 varies by industry and ranges from 0.12% to 2.12% on total payroll up to a maximum annual amount of $89,500.It is important to note that these rates and thresholds are subject to change each year. Employers should stay up to date on the latest changes to ensure compliance with Québec's employment laws and regulations.
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Related Questions
All of the following practices are most likely implemented by companies with high-performance work systems EXCEPT ________.
A) hiring employees based on validated selection tests
B) filling positions with internal candidates
C) utilizing self-managing work teams
D) providing extensive training to employees
E) providing pay increases based on service years
Answers
The correct option is Option E. All of the following practices are most likely implemented by companies with high-performance work systems EXCEPT providing pay increases based on service years.
The correct option is Option E. Companies with high-performance work systems typically focus on performance-based rewards and incentives rather than simply providing pay increases based on service years. They prioritize hiring employees based on validated selection tests to ensure a skilled and qualified workforce. They also encourage internal career development by filling positions with internal candidates and utilizing self-managing work teams to promote employee autonomy and decision-making. Additionally, these companies invest in extensive training programs to develop the skills and capabilities of their employees, aligning with their high-performance objectives. However, they may not solely rely on service years for determining pay increases, as they tend to emphasize performance and contributions to the organization.
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What do individuals and households provide to the government?
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Explain why the credit industry wants you to believe that you need a credit score
Answers
Answer:
Because the credit industry gains a profit from it's users. Credit is a tool, and if used wisely can be beneficial for many people who don't have enough cash to pay for things. Having "good" credit score means that it's easier for you to receive a loan.
Let understand that Credit score refers the score which tells about a consumer's creditworthiness.
In practice, the higher the credit score of an individual, the higher the rate of repayment of credit gotten.
The Credit scoring is used the lenders to help them decide whether to borrow, extend or deny credit.
Therefore, the credit industry wants one to believe you need credit score because its helps them to ascertain your creditworthiness.
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In the near future, the world is unlikely to exhaust its usable oil supplies because it is possible to use more unconventional heavy oil from depleted oil wells and other sources. Increasing the use of heavy oil will likely result in ________, among other consequences.
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One major consequence of using heavier oil is that the oil will result in lower energy yields.
There are several types of oil used for energy:
Very light oil Light oil Heavy oilVery light and light oils have high energy yields such that then they are processed, they give off gasoline that gives more energy when used. Heavy oils on the other hand, do not have as much energy and so give off less energy when used.
In conclusion, heavy oil gives less energy yields.
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In order to reduce the possibility that a technological paradigm shift will render your skills obsolete, you should
a. Encourage others to keep their skill sets current
b. Try to keep your company from adopting new technology
C. Keep tabs on the newest technical advances
d. Adopt a technology proof career, like carpentry
Answers
Answer:
a. Encourage others to keep their skill sets current
b. Try to keep your company from adopting new technology
Explanation:
Continuous updating and upgrading one's skills is a sure way of remaining relevant in a rapidly changing work environment. Many organizations are always seeking ways of modernizing their work processes. As companies adopt technology to enjoy increased efficiency, workers without matching skills are declared redundant.
Continuous training and learning are necessary to reduce the possibility of one's skill being declared obsolete. To survive in the new technology era, a worker and his colleagues can embrace and learn to work with new technology or work hard to prevent their company from acquiring it.
Answer:
c.
Keep tabs on the newest technical advances
Explanation: CORRECT ON EDGE 2021
governments of ____ countries can encourage trade by minimizing interference with the free exchange of goods and services.
Answers
Answer:
Developing
Explanation:
Ayala Architects incorporated as licensed architects on April 1, 2017. During the first month of the operation of the business, these events and transactions occurred:
Apr. 1 Stockholders invested $18,270 cash in exchange for common stock of the corporation.
1. Hired a secretary-receptionist at a salary of $381 per week, payable monthly.
2. Paid office rent for the month $914.
3. Purchased architectural supplies on account from Burmingham Company $1,320.
10. Completed blueprints on a carport and billed client $1,929 for services.
11. Received $711 cash advance from M. Jason to design a new home.
20. Received $2,842 cash for services completed and delivered to S. Melvin.
30. Paid secretary-receptionist for the month $1,524.
30. Paid $305 to Burmingham Company for accounts payable due.
Answers
Answer:
Apr. 1 Stockholders invested $18,270 cash in exchange for common stock of the corporation.
Dr Cash 18,270
Cr Common stock 18,270
1. Hired a secretary-receptionist at a salary of $381 per week, payable monthly.
no journal entry required
2. Paid office rent for the month $914.
Dr Rent expense 914
Cr Cash 914
3. Purchased architectural supplies on account from Burmingham Company $1,320.
Dr Supplies 1,320
Cr Accounts payable 1,320
10. Completed blueprints on a carport and billed client $1,929 for services.
Dr Accounts receivable 1,929
Cr Service revenue 1,929
11. Received $711 cash advance from M. Jason to design a new home.
Dr Cash 711
Cr Unearned service revenue 711
20. Received $2,842 cash for services completed and delivered to S. Melvin.
Dr Cash 2,842
Cr Service revenue 2,842
30. Paid secretary-receptionist for the month $1,524.
Dr Wages expense 1,524
Cr Cash 1,524
30. Paid $305 to Burmingham Company for accounts payable due.
Dr Accounts payable 1,320
Cr Cash 1,320
Which settings would convert the information below into the table below?
Type of Animal Number of Children's Favorite
Whale-12
Tiger → 3
Lion 4
Elephant 6
Monkey 8
Giraffe 2
Answers
The settings that would convert the information given above is autofill to content.
What is autofill to content?Autofill to content refers to a feature in some software applications that automatically fills in or completes a form or field based on previously entered information or data. The goal of autofill to content is to save time and effort by automatically entering information that is likely to be the same for each new form or field.
For example, autofill to content can be used to automatically enter a user's name, address, phone number, and other contact information in a web form. When the user begins typing the first letter of their name or address, the software will suggest the rest of the information based on previous entries, allowing the user to select the correct information from a drop-down list and then automatically fill in the remaining fields.
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Which accounting concept is used in each of the following accounting treatment?
The cost of a tape dispenser has been charged to an expense account, although in fact it could still be in use in ten years’ time.
A sole proprietor has sold his private house, but has not recorded anything about it in the business records.
A debt has been written off as a bad debt even though there is still a chance that the debtor eventually may be able to pay it.
A machine has been bought for an exceedingly low figure,and it has been entered in the asset account at that figure even though it is worth more.
A motor van broke down in December , 2017. The repair bill for it was not until 2018 yet it has been treated as a 2017 expense.
Answers
The accounting concepts that provide guidance for recording the following business events are as follows. The business transactions are numbered from (a) to (e) below:
1) Materiality Concept is applied because the impact of the cost of the tape dispenser being "expensed" is not significant on the reader of the financial statement.
2) Entity Concept requires separation between the finances of the owner from the finances of the business. The business is a separate economic unit distinct from the sole proprietor.
3) Prudence Concept demands that expenses (like the bad debt written off) and liabilities are not underestimated and revenues and assets should not be overestimated.
4) Historical Cost Concept: Generally accepted accounting principles require the initial recognition of an asset at its purchase cost and not fair value.
5) Accrual Concept and Matching Principle: The accrual concept requires that expenses that have been incurred for a period should be accounted for in that period, whether cash payment is made or not. The matching principle states that expenses (Van Repair Expense) should be matched to the revenue that they generate.
Thus, accounting concepts are the basic assumptions, rule, and principles for recording business transactions and events and preparing accounts and financial statements.
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Corn is a perfectly competitive commodity. in the marketplace, the demand curve for corn is:______.
a. perfectly inelastic.
b. perfectly elastic.
c. upward sloping.
d. downward sloping.
Answers
Corn is a perfectly competitive commodity. in the marketplace, the demand curve for corn is perfectly elastic.
What is perfectly elastic demand?Perfectly elastic demand is a rare occurrence where the quantity that is demanded change infinitely when there is a little change in the price of the product. It is represented by a horizontal demand curve.In perfectly elastic demand, a small rise in price results in fall in demand to zero, while a small fall in price causes increase in demand to infinity. In such a case, the demand is perfectly elastic or ep = 00.Perfectly inelastic products would be something like air or water, and no one can really restrict that at this point in time. The most common products that are inelastic would be food, prescription drugs, and tobacco products.Corn is a perfectly competitive commodity. in the marketplace, the demand curve for corn is perfectly elastic.
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How to calculate momentum?
Answers
Answer:
p=mv
Explanation:
the formula for momentum is
p=mv
Answer:
By multiplying mass and velocity
Explanation:
Which statement best illustrates the relationship between three different
elements of the circular flow of products?
A. Product markets offer labor to businesses, which creates jobs for
households.
B. Resource markets sell goods to product markets, which sell the
goods to businesses
C. Households pay wages to businesses, which can then set up
product markets.
D. Businesses create goods for product markets, which sell them
directly to households.
Answers
Answer: is D
Explanation:
The statement, businesses create goods for product markets, which sell them directly to households, is best illustrates the relationship between three different elements of the circular flow of products.
What is a circular flow?
The most popular version of this model displays the circular flow of revenue between the consumer and business sectors. The product market and the resource market are placed between the two.
Consumer spending is the mechanism through which households' money flows to the market for goods and services when they are in need of them. The product market purchases goods and services from companies and sells them to households, making a profit.
As a result, option (d) is correct.
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A buying decision made quickly and with little thought is called a(n)
Answers
Answer:
B2C purchase made quickly and with little thought. routine buying decision. Process of communicating with potential customers in an effort to influence their buying behavior.
Explanation:
:)
A materials price variance is equivalent to a labo______ variance and a materials quantity variance is equivalent to a labor_____ variance
Answers
A materials price variance is equivalent to a labor rate variance, and a materials quantity variance is equivalent to a labor efficiency variance.
Variance analysis is a technique used to analyze and understand the differences between actual and standard costs in a manufacturing process. It helps identify the reasons for cost variations and assists in controlling costs.
In variance analysis, materials and labor are two key cost elements. A materials price variance measures the difference between the actual cost of materials used and the standard cost based on the expected price. Similarly, a labor rate variance compares the actual labor rate paid with the standard labor rate per hour. Therefore, the materials price variance is equivalent to the labor rate variance because they both assess the cost differences based on the pricing aspect.
On the other hand, a materials quantity variance measures the difference between the actual quantity of materials used and the standard quantity expected for the output achieved. Likewise, a labor efficiency variance compares the actual labor hours worked with the standard labor hours allowed for the output produced.
Hence, the materials quantity variance is equivalent to the labor efficiency variance as they both evaluate the cost differences related to the quantity or efficiency aspect of production.
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What shows the quantity of a product or service a supplier is willing to sell across a
range of prices?
Answers
Answer:
Supply curve or Supply schedule
Explanation:
A supply curve is a graphical presentation of the relationship between the price of a product, and the quantity suppliers are willing to sell in the market. It shows the different volume suppliers are happy to sell at different prices. A supply curve slopes from the bottom moving upwards showing how quantity supplied increases as price rises.
The supply schedule shows much quantity suppliers are willing to sell in the market at different prices. The supply presents this information in a table format. Both supply curves and supply schedule give the same information. While the supply curve is a graphical presentation, the supply schedule presents the same data in a table format.
Hospitals, colleges and universities, and museums fall into the ______ category of business customers.
Answers
Hospitals, colleges and universities, and museums fall into the institutional customers category of business customers.
What are Institutional customers?Institutional customers are organizations that provide goods and services to others and are characterized by their relatively stable and predictable demand for products, as well as their relatively large order size.
These customers often have specific needs and requirements, such as compliance with regulations, safety standards, and other policies. They may also have longer purchasing cycles and decision-making processes, as well as complex procurement procedures and negotiations. Other examples of institutional customers include government agencies, non-profit organizations, and religious institutions.
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You click on a job and see that you have a “Connection” at that company. Brainstorm 1-2 steps you might want to take with this connection if you are interested in applying. Explain your reasoning.
Answers
Answer:
make a resume and get an application to apply
Explanation:
If any person are the applying, the job as the scene to the connection of the company as the add-on the reference as the on the resume.
What is job?
The term "job" refers to employment with a certain company. A job is also known as the amount of money that a corporation pays its employees. The employment has provided the opportunity to pursue a career. A job provides financial assistance as well as experience. There are four types of people: producers, builders, thinkers, and improvers.
A person is the need of the job. To search the job are the seen the connection of the company are with the help of the resume to take to apply as the lastly add-on the reference. The reference was the important in the resume to apply for the job are the easily to grab the opportunities.
As a result, a person is to apply for the job.
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Plz help me What makes a suspension bridge unique? (What does it have?)
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Answer:
Modern suspension bridges are light and aesthetically pleasing and can span longer distances than any other bridge form. They are also among the most expensive bridges to construct. Though suspension bridges can be made strong enough to support freight trains, they have nearly all been designed for automobile traffic.
The main forces in a suspension bridge are tension in the cables and compression in the towers. ... The use of suspension bridges makes longer main spans achievable than with any other types of bridges, and they are practical for spans up to around 2 km or even larger.Suspension bridges get their name from the fact that the roadway is suspended by cables from two tall towers. Most of the weight is supported by the two towers. They, in turn, pass the compression forces from the cables directly into the ground. Suspension bridges also have smaller cables called suspenders.
The towers of most suspension bridges are made of steel, although a few have been built of steel-reinforced concrete.
Pros of a Suspension Bridge
It can span over long distances. Suspension bridges can span anywhere between 2,000 to 13,000 feet, which is farther than any type of bridge can accommodate. ...
It is inexpensive to build. ...
It is easy to maintain. ...
It is incredibly versatile. ...
It is aesthetically pleasing.
I have attached a model for visuals
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Miss Hawaii
to file your federal and state taxes you ____________
Answers
Taxes are often paid to government from our income. To File a Federal and State Income Tax Return, one must first need to find out how much money made the previous year. Then one need to decide if to take the standard deduction or itemize your return. Finally, you'll need to submit everything.
Steps to take so as to File a Tax Return
Try and compile your paperwork, including A W-2 form from each employer, other earning and interest statements etc.Then one need to Choose your filing status. Filing status is often based on if you're married. The percentage you pay toward household expenses also affects your filing status. The individual has to decide how you want to file your taxes. The IRS often recommends using tax preparation software to e-file for the easiest and most accurate returns. Find out if one is taking the standard deduction or itemizing your return.If an individual owe any money, learn how to make a tax payment and also apply for a payment plan.
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Answer:
must prepare the same tax forms for both
Explanation:
trust (i did this quiz 4 times thru to get the right answer)
What was the opening price of Dow Jones Industrial Average on Jul 09, 2018 in the format of XXXXX.XX?
Answers
Answer:
According to yahoo finance, the opening price of the Dow Jones Industrial Average on Jul 09, 2018, is 24519.20.
Explanation:
Dow Jones Industrial Average is a stock indicator of the top 30 companies of the US. Other indicators include NASDAQ Composite and S&P 500.
These indicators are used to assess the performance of the market on a subsequent day. From the historical data from the Yahoo Finance, the value for any day could be found which for July 09, 2018 is 24519.20.
What is the difference between a total and a subtotal?
Answers
Explanation:
SUB-TOTAL:
The total for a part of a list of numbers being summed.
TOTAL:
An amount obtained by addition of smaller amounts.
Answer:
subtotal is all the different parts being added together from different list.
total is the all items being added together plus tax.
Explanation:
according to the chapter 1 lecture, all of the following are aspects of globalization except
Answers
The correct answer is A because it is directly not related.
A) The Spread of images and messages through the media of TV, film, the internet, and print.
B) Effect of drought in Canada and the price of wheat products in Brazil.
C) Migrations of people for work, political asylum, and tourism.
D) Impact of Greece debt crisis on performance NY stock exchange
E) None of the above
Globalization is defined as "the process by which businesses or other organizations gain international influence or begin operating on a global scale." B, C, and D are the most relevant replies to that definition that deals with international relations, trade, and so on. A does not explicitly refer to the international impact of media; rather, it is a definition of mass media rather than globalization.
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when paychecks are distributed to employees on december 30, 2016, employee george is ill and does not claim his check until january 2017. for what year must this income be reported?
Answers
If George receives his paycheck in January 2017 which was entitled to be given to him in December 30, 2016, then the income will be reported for the year 2016.
An income can be described as the amount of money you make from doing a particular job or business. In the field of business, the income you make in a specific month is reported for that specified month. Even if you get late in getting the payments, then also the income is reported for that particular month and year in which the work for that income was done.
Hence, although employee George is claiming his check in January 2017, as his income was made for the year 2016, hence the income will be reported for the year 2016.
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The Real Estate Settlement Procedures Act states all of the following EXCEPT
Answers
Prompt
What are company values?
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Answers
Answer:
As a definition, company core values are the clearly stated principles about the organization’s vision, mission, and principles. That way, everyone is aligned around a guiding philosophy to serve employees, customers, and the broader community.
That can also double as the definition of company culture. In many ways, values and culture are synonymous. They’re both about the higher aspirations of a company. The result is the DNA fundamental to a company’s identity
There are no federal agencies that provide export financing. O True O False
Answers
False. The United States federal government offers export financing programs through various agencies, including the Export-Import Bank of the United States (EXIM Bank) and the Small Business Administration (SBA).
These agencies provide financial assistance, loan guarantees, and export credit insurance to support and facilitate exports from the country. The EXIM Bank, for example, helps exporters secure financing when private sector options are limited, and it provides working capital guarantees and export credit insurance to mitigate the risks associated with international trade. The SBA also offers export loan programs to help small businesses access the necessary funding to develop export capabilities. These federal agencies play a crucial role in promoting and supporting U.S. exports by providing financial resources to businesses seeking to expand into global markets.
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Why is Netflix's stocks going down?
Answers
Answer:
Netflix stock was falling sharply Wednesday after the streaming giant posted disappointing first-quarter earnings, prompting a flurry of price target cuts and critique from analysts.
Explanation:
Hope this helpes.
What are some of the reasons that foreign manufacturers of products as diverse as automobiles, cell phones, and tires might arrive at the same conclusion to build plants in the united states?
Answers
Some of the reasons that foreign manufacturers of products as diverse as automobiles..in the united states are transportation costs and exchange rates.
This is further explained below.
What is transportation?Generally, The term "transportation" refers to the act of moving products and people from one location to another, as well as the many modes of conveyance that make this possible.
In conclusion, Transportation expenses and currency exchange rates are two of the factors that influence the decision of international companies to manufacture goods (including vehicles) in the United States.
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Karl opens a savings account with $2500. He deposits $1500 every year into the account that has a 0.75% interest rate, compounded monthly. If he doesn't withdraw any money, what will the account balance be in 10 years?
Answers
Answer:
Total FV= $29,335.25
Explanation:
First, we need to calculate the future value of the initial investment ($2,500) using the following formula:
FV= PV*(1 + i)^n
PV= $2,500
i= 0.0075
n=10*12= 120 months
FV= 2,500*(1.0075^120)
FV= $6,128.39
Now, the future value of the $1,500 annual deposit:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
We need to determine the effective annual rate:
Effective annual rate= (1.0075^12) - 1= 0.0938
FV= {1,500*[(1.0938^10) - 1]} / 0.0938
FV= $23,206.86
Total FV= $29,335.25
Clemson University Urgently needed $30 million to properly execute a student testing plan during fall of 2020. Clemson approached by a commercial paper dealer offering to sell an issue for Clemson. The dealer indicates that Clemson could sell a $30 million issue maturing in 270 days at an interest rate of 8. 5 percent per annum (deducted in advance). The fee to the dealer for selling the issue would be 1. 5% of the issue size. What was annual financing cost of Clemson to secure large-scale testing
Answers
The financing cost of Clemson to secure the investment will be $2.2875 million.
How to calculate the financing costFrom the information, we've to calculate the simple interest first. This will be:
= PRT/100
= (30 × 0.75 × 8.5)/100
= 1.9125 million
The fee is 1.25% of the issue size. This will be:
= 1.25% × $30 million
= $375000
Therefore, the financing cost will be:
= $1.9125 million + $0.375 million
= $2.2875 million
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