Part 1 CPP, EI and Income deductions.

Using the CRA payroll deduction tables, https://www.canada.ca/en/revenue-agency/services/forms-publications/payroll/t4032-payroll-deductions-tables/t4032ns-jan.html look up the required deductions for CPP, EI and Income tax for the following employee. Include with your answer

o Has he reached the maximum CPP contribution?

o What is the maximum CPP contribution amount?

o Has he reached the maximum amount for EI contributions?

o What is the maximum EI contribution?

Employee Name: John Smith

Province: Nova Scotia

Claim code: 1

Bi-weekly salary: $1961.35

Year: 2021

Date: July 16, 2021