Question: Which of the following statement is false? CPP is a national contributory retirement pension scheme EI is an employee financed employment insurance plan Gross pay

Which of the following statement is false?

  1. CPP is a national contributory retirement pension scheme
  2. EI is an employee financed employment insurance plan
  3. Gross pay is the number of earnings before any deductions for taxes
  4. Personal tax credits determine the amount of income taxes withheld

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