Maynard Manufacturing has a two-week payroll of $8,200 for its eight employees.Income tax of $1,080 is deducted from the employees' cheques, as well as 5% for CPP and 2% for EI.Wages deposited in employees' bank accounts would be:
A)$6,546
B)$7,120
C)$7,626
D)$8,200

Question

Quizplus · Accepted Answer

To find the wages deposited, subtract the deductions from the total payroll: $8,200 - $1,080 (income tax) - $410 (5% CPP) - $164 (2% EI) = $6,546.

Maynard Manufacturing Has a Two-Week Payroll of $8,200 for Its