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Don't copy previous Chegg answer In 2021, XYZ Ltd, a British Columbia employer, awards...

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Accounting

Don't copy previous Chegg answer
In 2021, XYZ Ltd, a British Columbia employer, awards Terry Reid a $2,250.00 bonus that will be paid out together with her bi-weekly salary of $2,100.00. Terry will not reach the annual CPP maximum contribution with this payment. What is Terry's CPP contribution? (Make sure you round to the nearest cent).
Hint: The amount of Terry's gross pensionable/taxable income is required to manually calculate her CPP contributions. Since the bonus is included with regular pay, calculate CPP as you normally would.

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