Question: Using the above information for Rahul, calculate his E.I. deductions for the pay period: (a) $782.40 (b) $65.20 (c) $69.68 (d) $60.45 E-Alpha 03 urses

 Using the above information for Rahul, calculate his E.I. deductions for
the pay period: (a) $782.40 (b) $65.20 (c) $69.68 (d) $60.45 E-Alpha

Using the above information for Rahul, calculate his E.I. deductions for the pay period: (a) $782.40 (b) $65.20 (c) $69.68 (d) $60.45 E-Alpha 03 urses You will need the following information to answer this question and the next two questions: The 2017 rates for CPP & E.I 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 E.: $51,300; E. contributory rate: 1.63%; Employer share of El contributions: 1.4 times employee contribution Question: Rahul is employed on a monthly pay period basis. He made $48,000 annually in 2017. What is his CPP deduction per pay period

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!