Kyle is a real estate agent in Burlington, Ontario. He is paid by commission only when...

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Kyle is a real estate agent in Burlington, Ontario. He is paid by commission only when he sells a property. On July 1, Kyle was paid $30,000 in commissions; his previous commission payment was on March 31. There were 90 days between payments. What is Kyle's CPP contribution on his $30,000 commission? Please note you must show all work in order to receive a mark. /3 Years Basic Exemption Contributory Earnings CPP Contribution /1 /1 Kyle is a real estate agent in Burlington, Ontario. He is paid by commission only when he sells a property. On July 1, Kyle was paid $30,000 in commissions; his previous commission payment was on March 31. There were 90 days between payments. What is Kyle's CPP contribution on his $30,000 commission? Please note you must show all work in order to receive a mark. /3 Years Basic Exemption Contributory Earnings CPP Contribution /1 /1

Answer rating: 100% (QA)

The CPP annual basic exemption amount 3500 Year taken ... View the full answer