Question
Gross salaries and wages....................................... $ 100,000 CPP rate................................................................ 4.95% EI rate................................................................... 1.66% Employee income tax............................................ deducted $ 20,000 Company pension deducted.................................. 5% of gross salaries
Gross salaries and wages....................................... $ 100,000
CPP rate................................................................ 4.95%
EI rate................................................................... 1.66%
Employee income tax............................................ deducted $ 20,000
Company pension deducted.................................. 5% of gross salaries and wages
Union dues deducted............................................. $ 800
Assume 100% of the gross salaries and wages are subject to CPP and EI. Therefore, the NET pay for this period is
Select one:
a.$ 67,590.
b.$ 73,340.
c.$ 68,390.
d.$ 72,200.
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