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ABC Company showed the following information relating to employees' salaries for the month of October 20 Gross Wages Income Taxes Canada Pension Plan Contributions
ABC Company showed the following information relating to employees' salaries for the month of October 20 Gross Wages Income Taxes Canada Pension Plan Contributions Employment Insurance Contributions $5,000.00 $1,000.00 $257.00 $79.00 Note: The company matches 100% of employees' CPP and 140% of employees El. Required a) Calculate the company's total expense. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Gross Wages $ Canada Pension Plan - company's share $ Employment Insurance company's share $ Total Expense b) Calculate the employee's net pay. $
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a To calculate the companys total expense we need to determine the employers portion of the Canada P...Get Instant Access to Expert-Tailored Solutions
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