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please guve me ans as soon as possible You will need the following information to answer this question: The 2017 rates for CPP & El
please guve me ans as soon as possible
You will need the following information to answer this question: The 2017 rates for CPP & El are as follows: Maximum Pensionable Earnings for CPP: $55,300; Basic Exemption for year. $3,500; CPP contributory rate: 4.95%; Employer has to match Employee share for its El contribution. Maximum Insurable Earnings for El: $51,300; El contributory rate: 1.63%; Employer share of E. contributions: 1.4 times employee contribution. Paul is employed on a weekly pay period basis. He made $50,000 annually in 2017. The total amount of taxes deducted were $7,500 for the year. What is the CPP deduction per pay period? Type your answer below. Do not use the dollar ($) sign in your answer Using the same information from question 1, what is the E.I deduction for the pay period? Type your answer below. Do not use dollar ($) sign in your answer. Using same information provided in question 1, calculate the total remittance the employer had to send to CRA for the pay period. Type your answer below. Do not use a dollar ($) sign in the Step by Step Solution
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