Ali's gross annual pay is $19 163,
Employment insurance premiums
are deducted at a rate of 2.25% and
Canada Pension Plan premiums are
3.75% based on total earnings. He
pays income taxes at a rate of 17%
on all amounts over $8131. What is
Ali's Net Pay for the year?
Select one
a $15 217.58
b. $15 139.58
C. $14 133.58
d. $16 137.78
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Answer:
Plan premiums are
3.75% based on total earnings. He
pays income taxes at a rate of 17%
on all amounts over $8131. What is
Ali's Net Pay for the
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