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Terry has a well established home renovation company running as a sole proprietorship. He earned $74,000 during the year, determine the total canada pension plan

Terry has a well established home renovation company running as a sole proprietorship. He earned $74,000 during the year, determine the total canada pension plan Terry must pay given the following CPP information.

CPP: YMPE is $64,900 THE is $3500 and contribution rate is 5.70% for each employee and employer.

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