Fogam Name 29. Calculate Tax Payable In following cases Mark 5 A $15,250 Tax Deduction 118,000 A 15,250 Tax credit $118,000 Year 2020 Your Income Less...... Taxable income Tax Rate Calculated Tax Less.......... Tax Amount 18% 18% 30. Jia turned 18 on June 17, 2020. She receives $1,200 every two weeks. Calculate CPP Payment period, Prorated maximum CPP contribution and actual CPP contribution for Employee and Employer and total CPP remitted to CRA? Mark 5 Maximum annual pensionable earnings = $ 58,700 Basic Exemption Amount =$3,500 Employee and Employer contribution rate = 5.25% 31. Calculate El contribution period, El contribution of Jia and El contribution of Employer and Total El remitted to CRA (Payment: $1,382 every two weeks). Mark 4 Maximum annual Insurable earning = $ 54,200 El Rate= 1.58% Maximum annual employer premium (1.4 times of maximum employee premium) Marisa