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23. An employee, who is paid $2,130.00 on a semi-monthly basis, is also being paid a $1,200.00 bonus on a separate cheque, within the same
23. An employee, who is paid $2,130.00 on a semi-monthly basis, is also being paid a $1,200.00 bonus on a separate cheque, within the same pay period. To date this year, the employee has only had $1,968.00 in Canada Pension Plan (CPP) contributions deducted, so the employee will not reach the maximum with these payments.
Calculate the employees CPP contribution on the regular semi-monthly pay of $2,130.00 and on the separate bonus payment of $1,200.00. Show all calculations for full marks.
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