Question
Please provide a step by step solution 1) If an employee is paid bi-weekly, what is the amount of the bi-weekly CPP exemption amount? (Hint:
Please provide a step by step solution
1) If an employee is paid bi-weekly, what is the amount of the bi-weekly CPP exemption amount? (Hint: The annual CPP exemption amount is $3,500).
Select one:
a.$67.30
b.$134.61
c.$291.66
d.$145.83
2)Jasmine had a semi-monthly gross pay of $2,000. She had $500 deducted for income tax, $91 deducted for CPP and $37 deducted for EI. Calculate (a) how much must the employer must contribute for income tax and (b) how much the total liability will be for income tax.
Select one:
a.(a) $0 (b) $500
b.(a) $500 (b) $500
c.(a) $500 (b) $1,000
d.(a) $0 (b) $0
3)Jasmine had a semi-monthly gross pay of $2,000. She had $500 deducted for income tax, $91 deducted for CPP and $37 deducted for EI. Calculate (a) how much must the employer must contribute for EI and (b) how much the total liability will be for EI.
Select one:
a.(a) $52 (b) $89
b.(a) $52 (b) $104
c.(a) $37 (b) $74
d.(a) $37 (b) $91
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