Question: 19 (1 point) The amount of CPP to be deducted from an employee with earnings this week of $800 and cumulative earnings for the year

19 (1 point) The amount of CPP to be deducted from an employee with earnings this week of $800 and cumulative earnings for the year of $21,000 would be $20.02 $40.80 $796.57. $0.00 - Hide hint for Question 19 Formula: Yearly income / 52 weeks (weeks in a year) - CPP exemption (67.30 for weekly pay period) x 5.95% (2024 CPP Rate) Question 20 (1 point) The form used to determine an employee's net claim code is called a Employee Earnings Record. Record of Employment. T4. OTDI

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 Accounting Questions!