Question: 19. Olson Bakers is determining the payroll amounts for the month ending June 30, 2019. Its employees earned a total of $5,000 in gross pay.

19. Olson Bakers is determining the payroll amounts for the month ending June 30, 2019. Its employees earned a total of $5,000 in gross pay. Assume the following amounts:

Canada Pension Plan $212.5

Employment Insurance $87.5

Federal and Provincial Income Tax: $1,250

Health Insurance (employer contributes the same amount): $175

Union Dues: $200

Calculate the net pay to be paid to the employees.

Question 19 options:

  • $3,250
  • $3,040
  • $3,275
  • $3,075

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