Question: The 2017 rates for CPP & El are as follows: Maximum Pensionable Earnings for CPP: $55,300; Basic Exemption for year. $3,500; CPP contributory rate: 4.95%;

The 2017 rates for CPP & El are as follows: Maximum Pensionable Earnings for CPP: $55,300; Basic Exemption for year. $3,500; CPP contributory rate: 4.95%; Employer has to match Employee share for its El contribution. Maximum Insurable Earnings for EJ: $51,300; El contributory rate: 1.63%; Employer share of El contributions: 14 times employee contribution Paul is employed on a weekly pay period basis. He made $50,000 annually in 2017. The total amount of taxes deducted were $7,500 for the year. What is the CPP deduction per pay period

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