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Assume Jorge Cantu earns gross pay of $1,500 during the current biweekly pay period ending January 26. Calculate Jorge's net pay based on the following
Assume Jorge Cantu earns gross pay of $1,500 during the current biweekly pay period ending January 26. Calculate Jorge's net pay based on the following assumptions: Jorge pays 20% in income tax, 1.62% in EI, and 5.10% in CPP. Jorge has not met any maximum amounts. Assume 52 weeks in the year and 26 biweekly pay periods.
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Answer1 To calculate Jorges gross salary we need to deduct his taxes ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
