A company deducts $230 in Employment Insurance and $195 in Canada Pension from the weekly payroll of its employees. Calculate the company's expense for these items for the week.

Question 1 options:

Question 2 (2 points) Which of the following statements is false?

Question 2 options:

CPP is a national contributory retirement pension scheme

EI is an employee financed employment insurance plan

Gross pay is the number of earnings before any deductions for taxes

Personal tax credits determine the amount of income taxes withheld