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Information regarding Oxygen Inc.s payroll for the period ending March 22 follows: Gross salaries and wages.............. $100,000 CPP rate.......................................... 4.95% EI rate.......................................... 1.66% Employee income

Information regarding Oxygen Inc.s payroll for the period ending March 22 follows:

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:

$72,200.

$67,590.

$68,390.

$73,340.

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