Question
Mrs. Jane is employed by a corporate in BC. Her gross monthly salary is 3,500 which including all benefits. Below is the new federal CPP
Mrs. Jane is employed by a corporate in BC. Her gross monthly salary is 3,500 which including all benefits. Below is the new federal CPP rate in 2022, what is CPP deduction for Jane and her employer?
Year | Maximum Contributory | Rate (%) | Maximum CPP Employee/Employer Contribution | Annual Basic Exemption |
2020 | $64,900 | 5.70 | $3,499.80 | $3,500 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Understanding Basic Statistics
Authors: Charles Henry Brase, Corrinne Pellillo Brase
6th Edition
978-1133525097, 1133525091, 1111827028, 978-1133110316, 1133110312, 978-1111827021
