Question
Your gross annual pay is $25161. Employment insurance premiums are deducted from your gross pay at a rate of 2.25% and Canada Pension Plan premiums
Your gross annual pay is $25161. Employment insurance premiums are deducted from your gross pay at a rate of 2.25% and Canada Pension Plan premiums are 3.75% based on total earnings. You pay income taxes at a rate of 15% on all amounts over $14398 after deductions. What is your Net Pay for the year?
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
