Question 1
Your gross annual pay is $19 163. Employment insurance premiums are deducted at a rate of 2.25% and Canada Pension Plan premiums are 3.75% based on total earnings. You pay income taxes at a rate of 17% on all amounts over $8131. What is your Net Pay for the year?
◦ $17 137.78
◦ $18 237.78
◦ $15 137.78
◦ $16 137.78
◦ $16 317.78
Question 2
Calculate the final answer for the following expression: (10
3 + 20
2) ÷ 20
◦ 20.00
◦ 70.00
◦ 3.5
◦ 50.00
◦ 5000