Neil Cheng is a salesperson for Lake City Printing. Neil is paid by commission only....
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Neil Cheng is a salesperson for Lake City Printing. Neil is paid by commission only. Neil received a commission payment of $37,450.00 on September 1. There were 219 days between this and Neils last commission payment.
Calculate the Canada Pension Plan exemption to be applied to Neils payment, his contributory earnings, and both his and his employers Canada Pension Plan contributions for this payment. Neil will not reach the annual maximum contribution on this pay. Show your calculations.
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