Which the amount of cpp to be deducted from an employee

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Reference no: EM132949861

Problem 1: The actual tax Bram pays for the year will be affected by

A) the amount of earnings he makes from all sources.

B) his charitable donations made.

C) any deductible tuition he has paid.

D) All of the above.

Problem 2: The amount of CPP to be deducted from an employee with earnings this week of $800 and cumulative earnings for the year of $21,000 would be

A) $0.00.

B) $37.37.

C) $40.80.

D) $796.57.

Problem 3: The employer pays CPP premiums in what ratio to employee CPP deductions?

A) 1.4 times employee CPP deductions

B) 1/4 of employee CPP deductions

C) Matching employee CPP deductions

D) 1/2 employee CPP deductions

Problem 4: The employer records deductions from the employee's paycheque

A) as debits to expense accounts.

B) as credits to liability accounts until paid.

C) as debits to asset accounts until paid.

D) as credits to capital accounts.

Reference no: EM132949861

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