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1. Trax Ltd. has six employees, each of whom earns $3,000 per month. Income taxes are 20% of gross pay and the company deducts El

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1. Trax Ltd. has six employees, each of whom earns $3,000 per month. Income taxes are 20% of gross pay and the company deducts El and CPP. Calculate employer's total contribution towards CPP and El for the month. 6marks

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