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Practice Makes Perfect 10 Calculating Canada Pension Plan 1. John's gross pay is $43 000.00/year. a. What is his CPP contribution for one year? 43

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Practice Makes Perfect 10 Calculating Canada Pension Plan 1. John's gross pay is $43 000.00/year. a. What is his CPP contribution for one year? 43 060 / UR x 4.95% = $2 128.5 b. How much CPP is deducted from each paycheque if he is paid once a month? 43000 x 4. 95%%: 12= $177. 375

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