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P13.6 The following is a payroll sheet for Bayview Golf Corporation for the first week of November 2020. The EI rate is 1.66% and the
P13.6The following is a payroll sheet for Bayview Golf Corporation for the first week of November 2020. The EI rate is 1.66% and the maximum annual deduction per employee is $858.22. The employer's obligation for EI is 1.4 times the amount of the employee deduction. Assume a 15% income tax rate for all employees, and a 4.95% CPP premium charged to both the employee and employer, up to an annual maximum of $2,593.80 per employee. Union dues are 1% of earnings. Bayview is a private corporation following ASPE.
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