The formula for computing EI Premiums to be deducted from an employee's weekly pay is Gross Pay × 1.88%, maximum $67.30.

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The formula for computing EI (Employment Insurance) premiums involves multiplying the gross pay by the EI premium rate (which can change annually), but the maximum amount is not a fixed value like $67.30 and can vary each year based on government-set limits.

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