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National Payroll Institute Payroll Fundamentals PF1

PF1

Exam Code: PF1

Exam Name: Payroll Fundamentals 1Exam

Updated: Jul 11, 2026

Q & A: 75 Questions and Answers

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National Payroll Institute Payroll Fundamentals 1Exam Sample Questions:

1. When is the government-prescribed rate of interest set?

A) The first of each month
B) Semi-annually
C) Each calendar quarter
D) Annually


2. Ronda earns $12.50 per hour and worked 40 hours this week. Calculate her Canada Pension Plan (CPP) contribution for this weekly pay period.


3. Phillip is being paid a severance payment with his final pay. Which block should this payment be reported on the Record of Employment?

A) Block 15B only
B) Blocks 15B and 17C
C) Block 17C only
D) Block 15C only


4. 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) A confidentiality agreement
C) A clearance certificate
D) Consent to withhold statutory deductions


5. The source deductions form completed by all new employees in Quebec is called:

A) T1213
B) T2222
C) TP-1015.3-V
D) TD1-AB


Solutions:

Question # 1
Answer: C
Question # 2
Answer: Only visible for members
Question # 3
Answer: C
Question # 4
Answer: B
Question # 5
Answer: C

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