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 %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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