If the employees have had $200 in CPP contributions and $300 in EI contributions deducted from their paycheques, then the Employer's Benefits Expense would be
A) $500.
B) $580.
C) $620.
D) $700.

Question

Quizplus · Accepted Answer

The employer matches the CPP contributions ($200) and contributes 1.4 times the EI contributions ($300 x 1.4 = $420). Therefore, the total Employer's Benefits Expense is $200 + $420 = $620.

If the Employees Have Had $200 in CPP Contributions and $300