Chapter 1 Student name:__________ TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false. 1) Failing to deduct statutory withholdings from employee payments can result in fines, penalties and interest charges. ⊚ true ⊚ false 2) Employers who do not deduct statutory withholdings from employee payments have nothing to worry about. ⊚ true ⊚ false 3) Employers who fail to deduct proper withholdings from employee payments may be forced to take on the cost of these missed deductions. ⊚ true ⊚ false 4) Payments for employees are processed through accounts payable and do not require any statutory payroll deductions. ⊚ true ⊚ false 5) Payments for self-employed workers are typically processed through accounts payable and do not require any statutory payroll deductions. ⊚ true ⊚ false 6) Employees with a Social Insurance Number beginning with a '9' are free to work in Canada without restrictions. ⊚ true ⊚ false 7) Most payroll softwar