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Current Year Annual Payroll Information for one Canadian Employee for the current year. ...

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Question

Accounting

Current Year Annual Payroll Information for one Canadian Employee for the current year.

Semi-Monthly Payrolls

Annual Salary

48,000.00

Married Status

Single

Children under 16 that are legally Infirm

1

Other Dependents

Lives with Father, whose income this year was $10,000

Eligible Post-Secondary Tuition

6,000

Private Pension Income

2,000

Qualify for Disability and Infirmity

No

Fedral Claim Code

2

Ontario Claim Code

2

Please calculate this employee's maximum CPP for this entire year. (hint, don't forget to subtract the annual exemption of $3,500); to the nearest dollar amount.

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