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Valentina Company Has 9 Employees Who Earned a Total of $27,000

Question 16

Multiple Choice

Valentina company has 9 employees who earned a total of $27,000 in June ($3,000 each) . CPP deductions are 4.95% paid by the employees and 4.95% paid by the employer. Income tax withholdings amount to $4,500. The employee EI rate is 1.66%. The take-home pay of the 9 employees for June is


A) $27,000.00
B) $22,002.90
C) $19.960.50
D) $19,478.40
E) $20,715.30

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