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The Formula for Computing CPP Premiums to Be Deducted from an Employee's

question 33

True/False

The formula for computing CPP Premiums to be deducted from an employee's weekly pay is (Gross Pay - 67.30) × 4.95%, subject to maximum premium per year.


Definitions:

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A heart condition characterized by an irregular and often rapid heart rate, leading to poor blood flow.

Disposable Sensor

A single-use sensor designed for monitoring various physiological parameters, ensuring sterility and reducing the risk of infection.

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A non-invasive method to measure the oxygen saturation level of the blood, usually with a clip-on device.

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A natural rubber material commonly used in gloves, medical devices, and other products, which can cause allergic reactions in some individuals.

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