What amount of CPP will be deducted each week

Assignment Help Accounting Basics
Reference no: EM133075835

Question - Employee contributions under the Canada Pension Act are 4.95% of pensionable earnings. Pensionable earnings deduct a basic yearly exemption of $3,500 and impose a maximum ceiling of $55,900. Marco earns $ 1,000 per week. What amount of CPP will be deducted each week from Marco's pay?

Reference no: EM133075835

Questions Cloud

Prepare for vut calculation on average : Prepare for VUT calculation on Average how much time elapses between a plane;s scedule departure time and its evential compeltion of the entire departing proess
Impact of diversification and risk-free securities : Consider all that we have learned thus far regarding the impact of diversification, risk-free securities, and market premiums
What is the depreciation expense : The cost of the asset is $8,000 with an estimated 5-year life and $2,000 residual value at the end of its useful life. What is the depreciation expense for 2020
Pros and cons of collaborating : What are the pros and cons of collaborating with other health care departments both internal and external when separated by physical barriers
What amount of CPP will be deducted each week : Pensionable earnings deduct a basic yearly exemption of $3,500. What amount of CPP will be deducted each week from Marco's pay
Discussion - Ethics in Computer software design : Ethics in computer software design and development - summary or a general discussion of key points and the reading's highlights
Prioritize the investments in the order of return : Investment A: Up-front investment of $45,000 and returns $120,000 in six years.
Find the value of the quarterly payment : Question - Millenium Fitness borrowed $189 000 to purchase equipment for their gym. Find the value of the quarterly payment
Why have special trading session during open : 1. Why have special trading session during open? 2. Why have special trading session during close?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the cost of the spoilage

In the ease of Job 705. the first 50 invitations had to be discarded due to inconsistencies in the color of ink. What is the cost of the spoilage?

  Research operational barriers

Using the module readings, online library resources, and the Internet, research operational barriers. Based on your research, address the following:

  Company that interest rates for bonds

Zinger Corp. has bonds outstanding at 10%, but its investment banker has informed the company that interest rates for bonds of equal risk are currently yielding for 9%. Zinger's tax rate is 46%

  Determine the allowance and prepare partial balance sheet

Determine the allowance and prepare partial balance sheet. Assuming the allowance for doubtful accounts has an unadjusted credit balance of $4,500

  What portion of july distribution reported by shareholders

During 2000, Potts distributed $40,000 on May 1, What portion of the July 1 distribution must be reported by shareholders as a dividend

  What is the maximum amount that hadjer can deduct

The fair market value of the land was $16,000 on the day it was donated. What is the maximum amount that Hadjer can deduct

  More time could be made available in the upholstery shop by

portsmouth company makes fine colonial reproduction furniture. upholstered furniture is one of its major product lines

  Kilgore auto parts reported the following information at

kilgore auto parts reported the following information at december 31 2004 - preferred stock 10 24 par value cumulative

  Eden contributed 30000 in cash to the business to receive a

the abcd partnership has the following balance sheet at january 1 2013 prior to the admission of new partner eden.cash

  Write the journal entry for the year-end adjustment

Emma's Clothes, Inc has accounts receivable of $210,000. In the current economy, she has noticed an increase in uncollectible accounts.

  Kenco is negotiating a strategic partner agreement with

kenco is negotiating a strategic partner agreement with the power steel mill. power will deliver perfect cut-to-size

  What are the negative impacts that can happen

Robert wants the estimated life changed to 12 years total, and the straight-line method continued. What are the negative impacts that can happen

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd