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Calculate the net pay for someone earning $72,000 per year with the following deductions: El: 1.58% for income upto $54,200 CPP: 5.25% for income
Calculate the net pay for someone earning $72,000 per year with the following deductions: El: 1.58% for income upto $54,200 CPP: 5.25% for income between $3500 and $58,700 Tax: $15,000 + 36% on every dollar over $800 per week HINT: Calculate weekly salary to determine tax
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To calculate the net pay we first need to calculate the gross income for the year Gross income 72000 ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
