During one pay period,your company distributes $130,500 to employees as net pay.The income tax withholdings were $19,000 and the Canada Pension Plan withholdings were $5,000.The total wages/salary expense to the company,which includes CPP matching,during this period was:

Question

Quizplus · Accepted Answer

$130,500 + $19,000 + $5,000 (Employee's CPP contribution)+ $5,000 (Employer's CPP match)= $159,500.

During One Pay Period,your Company Distributes $130,500 to Employees as Net