Question: 1 - Calculate the CPP contributions and the amount to be remitted to the CRA ( list all the steps ) . a - Sharon
Calculate the CPP contributions and the amount to be remitted to the CRA list all the steps a Sharon receives a weekly salary of $ and $ in taxable benefits. Calculate the amount of CPP contributions that Sharon and her employer must pay on a weekly basis b Carol works days per week, hours per day and her hourly wage is $ and gets paid every week. Calculate the amount of CPP contributions that Carol and her employer must pay on a weekly basis c Maria Carbone receives a semimonthly salary of $ Calculate the amount of CPP contributions that Carlo and her employer must pay on a semimonthly basis d Bicycles Inc. makes a monthly salary payment of $ to Toni Fletcher. Calculate the amount of CPP contribution that Bicycles Inc. & Toni pay monthly PAY PERIOD TYPEYEAR BASIC EXEMPTIONNUMBER OF PAYS PER YEARPAY PERIOD EXEMPTIONWeekly$$Weekly$$BiWeekly$$BiWeekly$$Semimonthly$$Monthly$$ Please follow the following steps Step : Calculate the basic payperiod exemption.Step : Calculate the total pensionable income.Step : Deduct the basic payperiod exemption from the total pensionable income.Step : Calculate the amount of CPP contributions.Step : Calculate the amount of CPP contributions you must pay.
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