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Time left 0 : 5 8 : 1 3 Megan is a proprietor and owns a hair salon. Determine the total Canada Pension Plan (

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Megan is a proprietor and owns a hair salon. Determine the total Canada Pension Plan (CPP) and Employment Insurance (EI) premiums Megan must pay through her self-employment using the given CPP and EI information below. Megan had net earnings of $75,000 during the year (note that Megan has not registered with Canada Employment Insurance Commission and is accordingly not eligible to access any of the 5 types of El special benefits).
CPP: YMPE is $57,400 YBE is $3,500 and contribution rate is 5.1% for each employee and employer.
El: Maximum Insurable Earnings for El is $54,200 and the rate is 1.58% for employees.
Select one:
a. $5,497.80 and $0 respectively
b. $3,645.50 and $860.22, respectively
c. $2,927.40 and $856.36, respectively
d. $2,748.90 and $0, respectively
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