Brett works for ABC Construction as a full-time farmer. His net employment income for the 2014 tax year was $45,000. The YBE is S3.500, and the YMPE is $52,500.Assume that the employer and the employee both contribute 4.85% of pensionable earnings. Not yet answered Based on the above information, how much would Brett have to contribute to the CPP program? 

Select one: 

a. S2,054.25 

b. $2,425.50

c. 52,227.50 

d. $2,598.75

Answer rating: 100% (QA)

Brett net income 45000 YBE 2 ... View the full answer