A company has 10 employees who earned a total of $30,000 in January ($3,000 each) CPP taxes
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Question:
A company has 10 employees who earned a total of $30,000 in January ($3,000 each) CPP taxes are 4.95% paid by employees and 4.95% paid by the employer. Income tax withholdings amount to $4,500 The employee EI rate is 1.88% of the total, and the employer EI contribution is 14 times the employee portion. What is The gross pay of the 10 employees during January?
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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