Question
Beverly earns a salary of $47,000 per year and is paid semi-monthly. The current CPP rate is 5.25%, and the current El rate is
Beverly earns a salary of $47,000 per year and is paid semi-monthly. The current CPP rate is 5.25%, and the current El rate is 1.58%. Assuming her income tax rate is 19%, calculate her net pay for each semi- monthly pay period in 2020. Do not enter dollar signs or commas in the input boxes. Use the negative sign for values that must be subtracted. Round your answers to 2 decimal places. Gross Pay Canada Pension Plan Employment Insurance $ Income Tax $ 8930 Net Pay $ $ x
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Income Tax Fundamentals 2015
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
33rd Edition
9781305177772, 128543952X, 1305177770, 978-1285439525
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