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Architectural Compensation Quiz

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Questions and Answers

Which tax is usually based on the previous year's income taxes and should be remitted in quarterly installments?

Corporate taxes

Personal income tax (correct)

Provincial sales tax (PST)

Quebec Sales Tax (QST)

In which provinces is Provincial sales tax (PST) applicable?

Yukon, Northwest Territories, and Nunavut

Ontario, Alberta, and Quebec

British Columbia, Manitoba, and Saskatchewan (correct)

Nova Scotia, New Brunswick, and Prince Edward Island

When should corporate taxes be remitted if the architectural practice is incorporated?

Annually

Biannually

Quarterly (correct)

Monthly

Which of the following is NOT considered when determining compensation for professionals in an architect's office?

Comfortable working conditions Signup and view all the answers

What are the sources of information on standard levels of compensation for professionals in an architect's office?

All of the above Signup and view all the answers

Which taxes must be considered in the financial management of an architectural practice?

Goods and Services Tax (GST) and Harmonized Sales Tax (HST) Signup and view all the answers

Architectural Compensation Quiz

Choose a study mode

Podcast

Questions and Answers

Which tax is usually based on the previous year's income taxes and should be remitted in quarterly installments?

In which provinces is Provincial sales tax (PST) applicable?

When should corporate taxes be remitted if the architectural practice is incorporated?

Which of the following is NOT considered when determining compensation for professionals in an architect's office?

What are the sources of information on standard levels of compensation for professionals in an architect's office?

Which taxes must be considered in the financial management of an architectural practice?

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