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An employee's weekly earnings are $1,855. The employee's year-to-date Canada Pension Plan contributions are $1,080...

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Accounting

An employee's weekly earnings are $1,855. The employee's year-to-date Canada Pension Plan contributions are $1,080 and the employee's year-to-date Employment Insurance premiums are $398 for 2023. Calculate the employee's Canada Pension Plan contribution.

what is the purpose of giving CPP $1080 for a year and EI $398 for 2023??????

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