Mason Jones earns $800.00 per week. In May he received a work related bonus of...

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Finance

Mason Jones earns $800.00 per week. In May he received a work related bonus of $800.00. He compared his regular weekly cheque with the bonus cheque and noticed the Canada Pension Plan contribution was a different amount. He emailed the Payroll Department asking why, when the gross earnings were the same. Write a memo to Mason explaining the difference in the amount withheld for Canada Pension Plan contributions.

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