Final answer:
The student's query pertains to payroll-related remittances that comprise deductions from employee wages such as QPP, QPIP, income taxes, and EI premiums, as well as employer contributions to social security and insurance programs.
Step-by-step explanation:
The student's question is about payroll-related remittances that a company such as RQ is responsible for administering. These remittances include various deductions from an employee's wages and employer-paid taxes, which are essential components of payroll processing. Payroll taxes generally fall into two categories:
- Deductions from an employee's wages, which are taxes that employers withhold from employees' wages. This group includes income taxes deducted at source, Employment Insurance (EI) premiums, Quebec Pension Plan (QPP) contributions, and Quebec Parental Insurance Plan (QPIP) premiums.
- Taxes paid by the employer based on the employee's wages, such as employer contributions to social security and insurance programs.
These payroll remittances are critical for complying with legal requirements and ensuring that both employees and employers contribute their fair share to various social and financial protection programs, including pension insurance and health benefits.