Question: Part 1 CPP, EI and Income deductions. Using the CRA payroll deduction tables, https://www.canada.ca/en/revenue-agency/services/forms-publications/payroll/t4032-payroll-deductions-tables/t4032ns-jan.html look up the required deductions for CPP, EI and Income tax
Part 1 CPP, EI and Income deductions.
Using the CRA payroll deduction tables, https://www.canada.ca/en/revenue-agency/services/forms-publications/payroll/t4032-payroll-deductions-tables/t4032ns-jan.html look up the required deductions for CPP, EI and Income tax for the following employee. Include with your answer
o Has he reached the maximum CPP contribution?
o What is the maximum CPP contribution amount?
o Has he reached the maximum amount for EI contributions?
o What is the maximum EI contribution?
Employee Name: John Smith
Province: Nova Scotia
Claim code: 1
Bi-weekly salary: $1961.35
Year: 2021
Date: July 16, 2021
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