C Company Has 7 Employees Who Earned a Total of $21,000

question 6

Multiple Choice

C Company has 7 employees who earned a total of $21,000 in March ($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 1.88%. Thetake-home pay of the 7 employees for March is:

• A)$15,065.70.
• B)$19,597.20.
• C)$21,000.00.
• D)$20,607.30.
• E)$19.960.50.