Ainsley Howard has agreed to work for the Parsons Foundation at a total annual salary of $48,000.

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Ainsley Howard has agreed to work for the Parsons Foundation at a total annual salary of $48,000. She is uncertain whether she should be paid biweekly or semi-monthly and has asked for your assistance. Calculate the typical deductions for CPP and EI that must be taken from Ainsley’s salary under either alternative. Will the choice affect the total EI or CPP Ainsley pays during the year?
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College Accounting A Practical Approach

ISBN: 978-0132564441

11th Canadian Edition

Authors: Jeffrey Slater, Brian Zwicker

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