Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Take me to the text Alexa earns a salary of $45,000 per year and is paid semi-monthly. The current CPP rate is 5.45%, the
Take me to the text Alexa earns a salary of $45,000 per year and is paid semi-monthly. The current CPP rate is 5.45%, the current El rate is 1.58% and her income tax rate is 19%. Calculate her net pay for each semi-monthly pay period. Properly account for the $3,500 exemption. Do not enter dollar signs or commas in the input boxes. Use the negative sign for values that must be subtracted. Round your answers to 2 decimal places. Gross Pay $ 1875 Canada Pension Plan $ Employment Insurance $ Income Tax Net Pay
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started