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Calculate the net pay for this period

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Question - Information regarding Vancouver Inc's payroll for the period ending March 22 follows:

Gross salaries and wages $271,000

CPP rate 4.95%

EI rate 1.66%

Employee Income tax deducted 20,000

Company pension deducted 5% of gross salaries and wages

Union dues deducted $950

Assume 100% of the gross salaries and wages are subject to CPP and EI. Calculate the Net pay for this period. Round your answer to the nearest dollar?

Reference no: EM133045567

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