What is cpp deduction for jane and her employer

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Reference no: EM133172693

Question - Mrs. Jane is employed by a corporate in BC. Her gross monthly salary is 3,500 which including all benefits. Below is the new federal CPP rate in 2022, what is CPP deduction for Jane and her employer?

Year

Maximum Contributory

Rate (%)

Maximum CPP Employee/Employer Contribution

Annual Basic Exemption

2020

$64,900

5.70

$3,499.80

$3,500

Reference no: EM133172693

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