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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 maximum

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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 maximum ceiling of $61,600. Marco eart $1,000 per week. What amount of CPP will be deducted each week from Marco's pay? a. $54.50. b. $46.17 c. $48.20. d. $50.83

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