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What amount of CPP will be deducted each week

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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

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