Question: Fred Blake has agreed to work for the Cummings Foundation at a total annual salary of $54,000. He is uncertain whether he should be paid

Fred Blake has agreed to work for the Cummings Foundation at a total annual salary of $54,000. He is uncertain whether he should be paid biweekly or semi- monthly and has asked for your assistance. Calculate the typical deductions for CPP and EI that must be taken from Fred’s salary under either alternative. Will the choice affect the total EI or CPP Fred pays during the year?

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BiWeekly 5400026 207692 CPP 9614 to a maximum of 216315 i... View full answer

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