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URGENT! Please answer quick I will leave good review. Thanks Which of the following statements are false? 1) CPP benefits are not taxable 2) The
URGENT! Please answer quick I will leave good review. Thanks
Which of the following statements are false? 1) CPP benefits are not taxable 2) The contributions to CPP are tax deductible for the employee 3) OAS recipients could be subject to a 'clawback' if their income is above a set amount 4) A self-employed person would pay a rate of 5.45% on Contributory earnings regarding CPP 5) CPP Disability benefits are higher than retirement benefits O 1,2,3 & 4 1, 2 & 4 1 01 1 & 4 O2 2 & 4 Jordan is 17 years old. He works part-time during the school year and full-time during his summer break. If his contributory earnings for the year amount to $10,000 and the employee CPP contribution rate is 4.95%, how much must Jordan make in CPP contributions? 321.75 0 3,500 495Step by Step Solution
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