Problems/Calculations Remittance to CRA If a Company deducts $68,000.00 in EI premiums and...

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Accounting

Problems/Calculations

Remittance to CRA

If a Company deducts $68,000.00 in EI premiums and $84,100 in Canada Pension Plan (CPP) contributions from its employees; how much would have to be remitted to the Canada Revenue Agency (CRA)?

A) As EI premiums

B) As Canada Pension Plan

C) And the total Amount

Canada Pension Plan contribution & EI premium Calculation

Mrs. Janet Thomass annual pensionable/insurable/taxable earning is one and the same. It is $76,000.00 in 2022. How much dollar will be deducted from Janet:

A) Monthly as CPP contribution

B) Monthly as EI premium

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