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Find the Camparound Canada total payroll cost for the month

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Reference no: EM132614093

Question - Camp-around Canada has 24 employees who are paid on a monthly basis. For the most recent month, gross earnings were $68,000. The income tax withholdings are 15% of gross earnings. Canada Pension Plan deductions are 4.95% of gross earnings and Employment Insurance deductions are 1.88% of gross earnings. All employees have $15 per month withheld for charitable contributions. Ignore the basic Canada Pension Plan exemption.

Find the Camparound Canada's total payroll cost for the month?

A. $72,620.40

B. $72,637.60

C. $73,155.76

D. $69,780.24

Reference no: EM132614093

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