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Sophia, a student employee, earns a monthly gross salary of $2,000. She lives in Ontario. Calculate her net pay considering the following deductions: Canada Pension
Sophia, a student employee, earns a monthly gross salary of $2,000. She lives in Ontario. Calculate her net pay considering the following deductions: Canada Pension Plan (CPP) contributions, Employment Insurance (EI) premiums, and income tax. Assume a CPP contribution rate of 5.45%, EI premium rate of 1.58%, and a combined federal and provincial income tax rate of 25%
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