Ranjeet's pay period is bi - weekly . His annual salary is $48,000 . Calculate his pay period CPP deduction for 2017 assuming that the maximum pensionable earning for 2017 is $55,300 ; the basic annual exemption was $3,500 and the CPP rate for 2017 was 4.95 %

Ranjeet's pay period is bi - weekly . His annual salary is $48,000 . Calculate his pay period CPP deduction for 2017 assuming that the maximum pensionable earning for 2017 is $55,300 ; the basic annual exemption was $3,500 and the CPP rate for 2017 was 4.95 %

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter2: Gross Income And Exclusions

Section: Chapter Questions

Problem 29MCQ: During 2019, Carl (a single taxpayer) has a salary of $91,500 and interest income of $11,000....

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