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?

<p>Comfortable working conditions (C)</p> Signup and view all the answers

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

<p>All of the above (D)</p> Signup and view all the answers

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

<p>Goods and Services Tax (GST) and Harmonized Sales Tax (HST) (A)</p> Signup and view all the answers

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