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Payroll Fundamentals 1Exam: PF1 Exam
"Payroll Fundamentals 1Exam", also known as PF1 exam, is a National Payroll Institute Certification. With the complete collection of questions and answers, BraindumpsPass has assembled to take you through 75 Q&As to your PF1 Exam preparation. In the PF1 exam resources, you will cover every field and category in Payroll Fundamentals Certification helping to ready you for your successful National Payroll Institute Certification.
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- Updated on: Sep 13, 2026
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- Updated on: Sep 13, 2026
- No. of Questions: 75 Questions & Answers
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National Payroll Institute PF1 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Record of Employment | - ROE processing
|
| Non-Regular Payments | - Special payroll payments
|
| Non-Statutory Deductions | - Voluntary deductions
|
| Termination of Employment | - Termination processing
|
| Commission Payments | - Commission payroll processing
|
| Employment Income – Regular Earnings | - Regular payroll calculations
|
| Year-End Processing | - Federal and provincial year-end reporting
|
| Provincial Remittances | - Provincial payroll requirements
|
| New Employee Information | - Employee setup and documentation
|
| Federal Remittances | - Government remittance obligations
|
| Employment Income – Allowances, Expenses and Benefits | - Taxable and non-taxable benefits
|
| Payroll Accounting | - Payroll accounting practices
|
| Workers’ Compensation | - Workers compensation administration
|
National Payroll Institute Payroll Fundamentals 1Exam Sample Questions:
Expense reimbursements are:
- A. Dollar amounts paid to employees to cover expenses that they incur while performing their job
- B. Dollar amounts paid to employees for the use of their personal property for business purposes
- C. Dollar amounts the employer pays for the work an employee performs
- D. Values attributed to something the employer has either provided to an employee or paid for on an employee's behalf
Answer: A
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Benefits are:
- A. Dollar amounts paid to employees to cover expenses that they incur while performing their job
- B. Dollar amounts paid to employees for the use of their personal property for business purposes
- C. Dollar amounts the employer pays for the work an employee performs
- D. Values attributed to something the employer has either provided to an employee or paid for on an employee's behalf
Answer: D
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PF1 Exam - Net Pay Calculation (Template Worksheet)
Scenario
Diane Lemay works for Monarch Construction in Alberta and earns an annual salary of $49,500.00, paid on a semi-monthly basis.
The company provides its employees with group term life insurance coverage of two times annual salary and pays a monthly premium of $0.62 per $1,000.00 of coverage.
Diane uses her car to meet with clients on company business and receives a taxable car allowance of $50.00 per pay.
The company has a defined contribution pension plan to which Diane contributes 5% of her salary each pay.
Diane also contributes $20.00 to United Way and has $5.00 deducted for her social club membership each pay. She belongs to a union and pays 2% of her salary in union dues per pay period.
Diane's federal and provincial TD1 claim codes are 1. She will not reach the first Canada Pension Plan or Employment Insurance annual maximums this pay period.
Required: Calculate the employee's net pay, following the order of the steps in the net pay template.
EXHIBIT A - Net Pay Template (Fill in all blanks)
STATUTORY DEDUCTIONS
OTHER DEDUCTIONS
Given Data (Reference)
Step 1 - Calculate the employee's gross taxable earnings (GTE) for this pay.
[ _________________________________ ]
Step 2 - Calculate the pensionable earnings (PE).
[ _________________________________ ]
Step 3 - Calculate the insurable earnings (IE).
[ _________________________________ ]
Step 4 - Calculate the net taxable income (CRA) (NTI).
[ _________________________________ ]
Step 5 - Calculate the net taxable income (RQ) (NTI).
[ _________________________________ ]
Step 6 - Calculate Diane's Canada Pension Plan contribution.
[ _________________________________ ]
Step 7 - Calculate Diane's Employment Insurance premium.
[ _________________________________ ]
Step 8 - Calculate Diane's Quebec Parental Insurance Plan premium.
[ _________________________________ ]
Step 9 - Determine Diane's federal income tax.
[ _________________________________ ]
Step 10 - Determine Diane's provincial income tax.
[ _________________________________ ]
Step 11 - Calculate Diane's total deductions (statutory + other).
[ _________________________________ ]
Step 12 - Calculate Diane's net pay.
[ _________________________________ ]
Answer:
See the Explanation part for answer for each step.
Explanation:
Step 1 - Gross Taxable Earnings (GTE)
Salary per pay: 49,500 ÷ 24 = $2,062.50
Taxable car allowance: $50.00
Group term life taxable benefit:
Coverage = 2 × 49,500 = 99,000
Monthly premium = (99,000 ÷ 1,000) × 0.62 = 99 × 0.62 = 61.38
Semi-monthly benefit = 61.38 ÷ 2 = $30.69
GTE = $2,143.19
Step 2 - Pensionable Earnings (PE)
PE = $2,112.50 (2,062.50 + 50.00)
Step 3 - Insurable Earnings (IE)
IE = $2,112.50
Step 4 - Net Taxable Income (CRA) (NTI)
RPP = 5% × 2,062.50 = $103.13
Union dues = 2% × 2,062.50 = $41.25
NTI (CRA) = 2,143.19 # 103.13 # 41.25 = $1,998.81
Step 5 - Net Taxable Income (RQ)
$0.00
Step 6 - CPP (base CPP)
Period exemption = 3,500 ÷ 24 = $145.83
Contributory = 2,112.50 # 145.83 = $1,966.67
CPP = 1,966.67 × 5.95% = $117.02
CPP = $117.02
Step 6B - 2nd CPP (CPP2)
CPP2 = $0.00
Step 7 - EI premium
EI = 2,112.50 × 1.63% = $34.43
EI = $34.43
Step 8 - QPIP
$0.00
Step 9 - Federal income tax (CC1, semi-monthly)
$156.10
Step 10 - Alberta income tax (CC1, semi-monthly)
$73.20
Step 11 - Total deductions
Statutory: 117.02 + 34.43 + 156.10 + 73.20 = $380.75
Other: RPP 103.13 + Union 41.25 + United Way 20.00 + Social club 5.00 = $169.38 Total deductions = $550.13 Step 12 - Net pay Cash pay (salary + car allowance) = 2,062.50 + 50.00 = $2,112.50 Net pay = 2,112.50 # 550.13 = $1,562.37
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 completed T1213
- B. Consent to withhold statutory deductions
- C. A clearance certificate
- D. A confidentiality agreement
Answer: D
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What is the portion of a retiring allowance eligible to be transferred into a Registered Retirement Savings Plan (RRSP) or a registered pension plan (RPP) tax free based on?
- A. The employee's average earnings from the past five years with the employer and its associated companies
- B. The employee's number of years of service with the employer and its associated companies prior to
1996 - C. The employee's wages at the point of receiving the retiring allowance
- D. The employee's age plus the employee's average earnings from the past five years with the employer and its associated companies
Answer: B
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