XYZ Ltd, a British Columbia employer, awards Theresa Ray a $1,950.00 bonus that will be paid out together with her semi-monthly salary of $2,200.00. Terry will not reach the annual CPP maximum contribution with this payment . What is Theresa’s CPP contribution?
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$3500 and $3499.8 are wrong answers please give a right answer otherwise I will fail
XYZ Ltd, a British Columbia employer, awards Theresa Ray a $1,950.00 bonus that will be paid out together with her semi-monthly salary of $2,200.00. Terry will not reach the annual CPP maximum contribution with this payment
. What is Theresa’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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