Question
Camp-around Canada has 24 employees who are paid on a monthly basis. For the most recentmonth, gross earnings were $68,000. The income tax withholdings are15%
Camp-around Canada has 24 employees who are paid on a monthly basis. For the most recentmonth, gross earnings were $68,000. The income tax withholdings are15% of gross earnings. Canada Pension Plan deductions are4.95% of gross earnings and Employment Insurance deductions are1.88% of gross earnings. All employees have$15 per month withheld for charitable contributions. Ignore the basic Canada Pension Plan exemption.
CamparoundCanada's total payroll cost for the month is_______.
(Choose the right one )
A.$72,620.40
B.$72,637.60
C.$73,155.76
D.$69,780.24
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