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Canada pension plan and 2 for employment insurance how much

Petey Manufacturing has a two-week payroll of $20,500 for its eight employees. Income tax of $4,000 is deducted from the employees' cheques, as well as 5% for Canada Pension Plan and 2% for Employment Insurance. How much of wages would be deposited in employees' bank accounts?

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Accounting Basics: Canada pension plan and 2 for employment insurance how much

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