Question
Current Year Annual Payroll Information for one Canadian Employee for the current year. Semi-Monthly Payrolls Annual Salary 48,000.00 Married Status Single Children under 16 that
Current Year Annual Payroll Information for one Canadian Employee for the current year. | Semi-Monthly Payrolls |
Annual Salary | 48,000.00 |
Married Status | Single |
Children under 16 that are legally Infirm | 1 |
Other Dependents | Lives with Father, whose income this year was $10,000 |
Eligible Post-Secondary Tuition | 6,000 |
Private Pension Income | 2,000 |
Qualify for Disability and Infirmity | No |
Fedral Claim Code | 2 |
Ontario Claim Code | 2 |
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Please calculate this employee's maximum CPP for this entire year. (hint, don't forget to subtract the annual exemption of $3,500); to the nearest dollar amount.
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