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Employee contributions under the Canada Pension Act are 5.45% of pensionable earnings. Pensionable earnings deduct a basic yearly exemption of $3,500 and impose a
Employee contributions under the Canada Pension Act are 5.45% of pensionable earnings. Pensionable earnings deduct a basic yearly exemption of $3,500 and impose a maximum ceiling of $61,600. Mary earns $700 per week and she works 52 weeks. What amount of CPP will be deducted each week from Mary's pay? O a. $26.41 O b. $22.74 O c. $34.48 O d. $38.15
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