Marnie works in Ontario. She has a bi-weekly salary of $2,750.00 and a group term life insurance non-cash taxable benefit of $20.00 included on every pay. To date this year, Marnie has paid $986.35 in Employment Insurance premiums. Calculate the Employment Insurance premium on her next pay.

Answer: To calculate the Employment Insurance premium, multiply the bi-weekly salary of $2,750.00 by the Employment Insurance rate for 2023. This amount would cause Marnie's year-to-date Employment Insurance premiums to exceed the yearly maximum of $1,002.45. Therefore, Marnie's premium for this pay is limited to $16.10.

How did you get $16.10 as an answer?