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Miranda is 63 years old. She has been an employee of Mission Wineries for 18 years and currently earns a salary of $62,750. If the year's maximum pensionable earnings (YMPE) is $57,400 and the combined employee / employer CPP contribution rate is 10.2%, how much must Miranda pay in CPP premiums this year? a) $2,748.90 b) $2,927.40 c) $5,497.80 d) $5,854.8

Miranda is 63 years old. She has been an employee of Mission Wineries for 18 years and currently earns a salary of $62,750. If the year's maximum pensionable earnings (YMPE) is $57,400 and the combined employee / employer CPP contribution rate is 10.2%, how much must Miranda pay in CPP premiums this year? a) $2,748.90 b) $2,927.40 c) $5,497.80 d) $5,854.8

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Miranda is 63 years old. She has been an employee of Mission Wineries for 18 years and currently earns a salary of $62,750. If the year's maximum pensionable earnings (YMPE) is $57,400 and the combined employee / employer CPP contribution rate is 10.2%, how much must Miranda pay in CPP premiums this year? a) $2,748.90 b) $2,927.40 c) $5,497.80 d) $5,854.8
Transcribed Image Text:Miranda is 63 years old. She has been an employee of Mission Wineries for 18 years and currently earns a salary of $62,750. If the year's maximum pensionable earnings (YMPE) is $57,400 and the combined employee / employer CPP contribution rate is 10.2%, how much must Miranda pay in CPP premiums this year? a) $2,748.90 b) $2,927.40 c) $5,497.80 d) $5,854.8
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