Determining the filip principe

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Reference no: EM132900907

Filip Principe earned a total of $28,500 during the year he turned 19 years of age while he was employed as a summer student at Fast Car Manufacturing. What is the amount of the Canada Pension Plan (CPP) contribution that Fast Car Manufacturing will contribute to Filip's CPP account on his behalf? (Assume YMPE = $52,000, YBE = $3,500 and the CPP contribution rate = 4.95%)

Fast Car Manufacturing is not required to contribute

  • $1,237.50
  • $1,410.75
  • $2,083.95

 

Reference no: EM132900907

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