Information regarding Swifty Inc.'s payroll for the period ended March 22 follows: Gross salaries and wages...
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Information regarding Swifty Inc.'s payroll for the period ended March 22 follows: Gross salaries and wages CPP rate El rate Employee income tax Company Union dues deducted pension deducted $101000 5.45% 1.58% deducted $20200 5% of gross salaries and wages $808 Assume 100% of the gross salaries and wages are subject to CPP and El. Therefore, calculate the NET pay for this period. Information regarding Swifty Inc.'s payroll for the period ended March 22 follows: Gross salaries and wages CPP rate El rate Employee income tax Company Union dues deducted pension deducted $101000 5.45% 1.58% deducted $20200 5% of gross salaries and wages $808 Assume 100% of the gross salaries and wages are subject to CPP and El. Therefore, calculate the NET pay for this period.
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