Multiple Choice
Maynard Manufacturing has a two-week payroll of $8,200 for its eight employees. Income tax of $1,080 is deducted from the employees' cheques, as well as 4.95% for CPP and 1.88% for EI. Wages deposited in employees' bank accounts would be
A) $6,560.
B) $7,120.
C) $7,640.
D) $8,200.
Correct Answer:
Verified
Correct Answer:
Verified
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