Fred Blake has agreed to work for the Cummings Foundation at a total annual salary of $54,000.

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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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College Accounting A Practical Approach

ISBN: 978-0132564441

11th Canadian Edition

Authors: Jeffrey Slater, Brian Zwicker

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