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Requirement 2. Traxell is single, and income tax withholding is 22% of total pay. His only payroll deductions are taxes withheld, CPP of 4.95 percent,
Requirement 2. Traxell is single, and income tax withholding is 22% of total pay. His only payroll deductions are taxes withheld, CPP of 4.95 percent, and El of 1.66 percent. Compute Traxell's net pay for the week. Ignore the CPP exemption. (Abbreviations: CPP = Canada Pension Plan; El = Employment Insurance. Round your answers to the nearest cent.) Total gross pay Less: Net pay
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