Stellar Company employees had the following earnings records at the close of the April 30 payroll period: Stellar Company's payroll benefits expense for each employee includes: 4.95% CPP and 1.66% EI on the amount earned. What is the total payroll benefits expense for the November 30 pay period?
A) $991.50
B) $742.50
C) $348.60
D) $1,091.10
E) $796.11

Question

Stellar Company employees had the following earnings records at the close of the April 30 payroll period:  Stellar Company's payroll benefits expense for each employee includes: 4.95% CPP and 1.66% EI on the amount earned. What is the total payroll benefits expense for the November 30 pay period?
A) $991.50 
B) $742.50 
C) $348.60 
D) $1,091.10 
E) $796.11

Quizplus · Accepted Answer

The Answer of Stellar Company employees had the following earnings records at the close of the April 30 payroll period:  Stellar Company's payroll benefits expense for each employee includes: 4.95% CPP and 1.66% EI on the amount earned. What is the total payroll benefits expense for the November 30 pay period?
A) $991.50 
B) $742.50 
C) $348.60 
D) $1,091.10 
E) $796.11

Stellar Company Employees Had the Following Earnings Records at the Close