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Sean is paid a semi-monthly salary in the amount of $3750. His employer also pays his life insurance premium of $20/month. His income tax withholding
Sean is paid a semi-monthly salary in the amount of $3750. His employer also pays his life insurance premium of $20/month. His income tax withholding on the current pay is $690. Sean also contributes $5 per pay to his Social Committee. Sean has contributed $1500 to CPP for the year and $600 to EI.
Is the Social Committee amount an expense to the employer? Is this true or false?
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