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Summertime Company has 10 employees and processes payroll bi-weekly. A summary of their payroll information is as follows: Total gross taxable earnings 2018 $270,000
Summertime Company has 10 employees and processes payroll bi-weekly. A summary of their payroll information is as follows: Total gross taxable earnings 2018 $270,000 Total CPP, E1 & Income tax 84000 2019 $280,000 2020 (Estimated) $295,000 87000 95000 Calculate the average monthly withholding amount and enter the amount in the space below. Include two decimal places and do not include a dollar sign or a comma. i.e. 0000.00 Your Answer
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