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

- Calculate the CPP contributions and the amount to be remitted to the CRA (list all the steps).
a- Sharon receives a weekly salary of $1250 and $150 in taxable benefits. Calculate the amount of
CPP contributions that Sharon and her employer must pay on a weekly basis (2022).
b- Carol works 6 days per week, 7 hours per day and her hourly wage is $19.50 and gets paid every
week. Calculate the amount of CPP contributions that Carol and her employer must pay on a
weekly basis (2023).
c- Maria Carbone receives a semi-monthly salary of $2,775.00. Calculate the amount of CPP
contributions that Carlo and her employer must pay on a semi-monthly basis (2024).
d- Bicycles Inc. makes a monthly salary payment of $4,350.00 to Toni Fletcher. Calculate the
amount of CPP contribution that Bicycles Inc. & Toni pay monthly (2014)
PAY PERIOD
TYPE
YEAR BASIC
EXEMPTION
NUMBER OF
PAYS PER YEAR
PAY PERIOD
EXEMPTION
Weekly $350052 $67.30
Weekly $350053 $66.03
Bi-Weekly $350026 $134.61
Bi-Weekly $350027 $129.62
Semi-monthly $350024 $145.83
Monthly $350012 $291.66
Please follow the following steps
Step 1: Calculate the basic pay-period exemption.
Step 2: Calculate the total pensionable income.
Step 3: Deduct the basic pay-period exemption from the total pensionable income.
Step 4: Calculate the amount of CPP contributions.
Step 5: Calculate the amount of CPP contributions you must pay.

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