The amount of CPP contributions has been 4.95% of CPP pensionable earnings for many years. For 2014, the year's maximum pensionable earnings (YMPE) is $52,500 and the first $3,500 is the year's basic exemption (YBE). Mortimer earns $65,000. How much are his CPP contributions in 2014?

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To calculate Mortimers CPP contributions in 2014 we need to consider the CPP pensionable earnings th... View the full answer