Olson Bakers is determining the payroll amounts for the month ending June 30, 2019. Its employees...

 

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Olson Bakers is determining the payroll amounts for the month ending June 30, 2019. Its employees earned a total of $5,000 in gross pay. Assume the following amounts: Canada Pension Plan: $212.5 Employment Insurance: $87.5 Federal and Provincial Income Tax: $1,250 Health Insurance (employer contributes the same amount): $175 Union Dues: $200 Given the problem above, calculate the employer's contributions to employee benefits. $1,960 $1,925 $510 $475 Olson Bakers is determining the payroll amounts for the month ending June 30, 2019. Its employees earned a total of $5,000 in gross pay. Assume the following amounts: Canada Pension Plan: $212.5 Employment Insurance: $87.5 Federal and Provincial Income Tax: $1,250 Health Insurance (employer contributes the same amount): $175 Union Dues: $200 Given the problem above, calculate the employer's contributions to employee benefits. $1,960 $1,925 $510 $475

Answer rating: 100% (QA)

Contribution to Canada Pension Plan is shared equally between employee and employer ... View the full answer