Question
You will be required to answer the following questions and show your steps for your calculations based on the information from your analysis (you must
You will be required to answer the following questions and show your steps for your calculations based on the information from your analysis (you must show the applicable details for each question; for example YMPE = $, YBE = $, Contribution Rate = %): (2 marks each). Assume the year is 2021
1. Franco is self-employed and made an income of $345,000 this year. Calculate both the employer and employee contribution. 2. Renee has a retirement income of $77,500. Calculate his annual OAS claw back amount. 3. Mohammed has a retirement income of $157,000. Calculate his annual claw back amount. 4. Dave has a retirement income of $29,800. Calculate his annual claw back amount
thank you!
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