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$3500 and $3499.8 are wrong answers please give a right answer otherwise I will fail XYZ Ltd, a British Columbia employer, awards Theresa Ray a

$3500 and $3499.8 are wrong answers please give a right answer otherwise I will fail

XYZ Ltd, a British Columbia employer, awards Theresa Ray a $1,950.00 bonus that will be paid out together with her semi-monthly salary of $2,200.00. Terry will not reach the annual CPP maximum contribution with this payment

. What is Theresas CPP contribution?

(Make sure you round to the nearest cent). Hint: The amount of Terrys gross pensionable/taxable income is required to manually calculate her CPP contributions. Since the bonus is included with regular pay, calculate CPP as you normally would.

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