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.

Calculate and interpret financial ratios related to bond transactions and leverage.

Understand the characteristics and benefits of self-managing teams versus leader-led teams.

Grasp the impact of perceived equity on employee effort and motivation.

Comprehend the concept of group cohesiveness and its significance in the workplace.

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Definitions:

Socially Efficient

An allocation of resources is considered socially efficient if it cannot be reallocated in a way that improves the wellbeing of one individual without worsening the situation of another.

Collude

To collaborate secretly and illegally with others with the aim of deceiving or obtaining an unfair benefit.

Controlling

The process of measuring performance and taking action to ensure desired results.

Organizing

The process of defining and assigning tasks, allocating resources, and providing resource support.