Your gross annual pay is $19,163. Employment insurance premiums are deducted at a rate of 2.25% and Canada Pension Plan premiums are 3.75% based on total earnings. You pay income taxes at a rate of 17% on all amounts over $8131. What is your Net Pay for the year?

Answer rating: 100% (QA)

To calculate your net pay lets break it down Employment Insurance ... View the full answer