Question
Your employee is 27 years old and earned $257.65 of pensionable earnings this pay cycle. He is paid monthly in the Province of British Columbia.
Your employee is 27 years old and earned $257.65 of pensionable earnings this pay cycle. He is paid monthly in the Province of British Columbia. Calculate his CPP deduction.
- For 2020 CPP is calculated at 5.25% and Employment Insurance at 1.58%.
(This is all the information given.)
Step by Step Solution
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Step: 1
To calculate the CPP deduction for an employee in British Columbia we need to determine the maximum ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
