Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For this year, For an employee, the following inclusive age range for an employer to deduct CPP Contributions is? If an employee pay period salary

For this year,

For an employee, the following inclusive age range for an employer to deduct CPP Contributions is?

If an employee pay period salary is $1,000 and assume that the employee has already contributed to his CPP account $3,300 year to date, the correct CPP payroll deduction is?

Please round answer to the nearest dollar.

Please choose the best and most accurate answer.

Inclusive age range of an employee, for an employer to deduct CPP Contributions is from ages 18 to under 70 years old.

and

If an employee pay period salary is $1,000, the correct CPP payroll deduction is $49

Inclusive age range of an employee, for an employer to deduct CPP Contributions is from ages 18 to under 70 years old.

and

If an employee pay period salary is $5,000, the correct CPP payroll deduction is $200

Inclusive age range of an employee, for an employer to deduct CPP Contributions is from ages 18 to under 65 years old.

and

If an employee pay period salary is $1,000, the correct CPP payroll deduction is $49

Inclusive age range of an employee, for an employer to deduct CPP Contributions is from ages 16 to under 70 years old.

and

If an employee pay period salary is $1,000, the correct CPP payroll deduction is $200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

How did DeWolfe and Anderson recognize the opportunity for MySpace?

Answered: 1 week ago

Question

1. What did you do well?

Answered: 1 week ago