A company has 10 employees who earned a total of $30,000 in January ($3,000 each).CPP taxes are 4.95% paid by employees and 4.95% paid by the employer. Income tax withholdings amount to $4,500. The employee EI rate is 1.88% of the total, and the employer EI contribution is 1.4 times the employee portion. The gross pay of the 10 employees during January is:
A)$28,230.
B)$30,000.
C)$29,190.
D)$33,209.
E)$33,113.

Question

Quizplus · Accepted Answer

The gross pay is the total amount earned by the employees before any deductions, which is $30,000.

A Company Has 10 Employees Who Earned a Total of $30,000