Question: Practice Makes Perfect 10 Calculating Canada Pension Plan 1. John's gross pay is $43 000.00/year. a. What is his CPP contribution for one year? 43

Practice Makes Perfect 10 Calculating Canada Pension Plan 1. John's gross

Practice Makes Perfect 10 Calculating Canada Pension Plan 1. John's gross pay is $43 000.00/year. a. What is his CPP contribution for one year? 43 060 / UR x 4.95% = $2 128.5 b. How much CPP is deducted from each paycheque if he is paid once a month? 43000 x 4. 95%%: 12= $177. 375

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