Contributions and Deductions Part 2 Quiz

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Contributions and Deductions Part 2 Quiz
You'll need to correctly answer at least 7 of the 14 questions below (at least 50%) to progress to the next unit.
Question #1: What is the maximum amount of working dues an ACTRA member can pay in a year?
Question #2: Dues are not tax deductible.
Question #3: There is a standard agent's fee and commission because the contract you have with your agent is bargained collectively.
Question #4: Generally, the pay cheque the producer sends to you or your agent will not have your agent’s commission deducted from it.
Question #5: All self-employed workers (such as yourself as a performer) only pay the employee portion of CPP contributions when they file their T1 income tax and benefit return using Schedule 8, CPP Contributions on Self-Employment and Other Earnings.
Question #6: In 2017, what is the minimum amount of annual earnings you must have to make CPP contributions on?
Question #7: In 2017, what is the CPP contribution rate on pensionable earnings?
Question #8: If you contributed too much to your CPP in a year, you will lose the money you contributed in error.
Question #9: Self-employed workers NEVER pay EI premiums.
Question #10: What special benefits are available to Self-employed workers who opt into the EI program?
Question #11: Fill in the blank: If you are eligible for EI special benefits, you can expect to receive _____ of your average weekly earnings up to a defined annual limit.
Question #12: After registering, how long must you wait to make a claim for EI special benefits?
Question #13: When self-employed workers opt into the EI program to access EI special benefits, they pay the same EI premium rate as employees pay.
Question #14: Since as a self-employed person there are no tax deductions on your performer pay cheque, you do not have to pay income taxes.
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