company that withholds $1,500 in Canadian Income Tax (CIT), $330 in Employment Insurance (EI), and $180 in Canada Pensio
company that withholds $1,500 in Canadian Income Tax (CIT), $330 in Employment Insurance (EI), and $180 in Canada Pensio
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Kk.97.
A company that withholds $1,500 in Canadian Income Tax (CIT), $330 in Employment Insurance (EI), and $180 in Canada Pension Plan (CPP) from an employee in a given pay period must also remit on its own behalf:
A) $330 for EI and $180 for CPP
B) Income Tax of $3,000 and EI of $400 C) $462 for EI and $180 for CPP
D) $330 for EI and $252 for CPP
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