Question: 1 - Calculate the CPP contributions and the amount to be remitted to the CRA ( list all the steps ) . a - Sharon

1- Calculate the CPP contributions and the amount to be remitted to the CRA (list all the steps).
a- Sharon receives a weekly salary of $600 and $105 in taxable benefits. Calculate the amount of CPP contributions that Sharon and her employer must pay on a weekly basis (2020).
b-Carol works 6 days per week, 4 hours per day and her hourly wage is $17 and gets paid every week. Calculate the amount of CPP contributions that Carol and her employer must pay on a weckly basis (2022).
c- Maria Carbone receives a semi-monthly salary of $1,575.00. Calculate the amount of CPP contributions that Carlo and her employer must pay on a semi-monthly basis (2020).
d- Bicycles Inc. makes a monthly salary payment of $3,450.00 to Toni Fletcher. Calculate the amount of CPP contribution that Bicycles Inc. & Toni pay monthly (2019)
\table[[\table[[PAY PERIOD],[TYPE]],\table[[YEAR BASIC],[EXEMPTION]],\table[[NUMBER OF],[PAYS PER YEAR]],\table[[PAY PERIOD],[EXEMPTION]]],[Weekly,$3500,52,$67.30
 1- Calculate the CPP contributions and the amount to be remitted

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!