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Using the above information for Rahul, calculate his E.I. deductions for the pay period: (a) $782.40 (b) $65.20 (c) $69.68 (d) $60.45 E-Alpha 03 urses
Using the above information for Rahul, calculate his E.I. deductions for the pay period: (a) $782.40 (b) $65.20 (c) $69.68 (d) $60.45 E-Alpha 03 urses You will need the following information to answer this question and the next two questions: The 2017 rates for CPP & E.I are as follows: Maximum Pensionable Earnings for CPP: $55,300; Basic Exemption for year. $3,500; CPP contributory rate: 4.95%; Employer has to match Employee share for its El contribution Maximum Insurable Earnings for E.: $51,300; E. contributory rate: 1.63%; Employer share of El contributions: 1.4 times employee contribution Question: Rahul is employed on a monthly pay period basis. He made $48,000 annually in 2017. What is his CPP deduction per pay period
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