Employment Insurance is withheld from wages earned, with the withholding to stop in2015 as soon as the employee has earned $4,500.

Name: Employment Insurance is withheld from wages earned, with the withholding to stop in2015 as soon as the employee has earned $4,500.
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

Employment Insurance (EI) contributions are based on a percentage of earnings up to a maximum insurable earnings amount, which changes annually, not a fixed amount like $4,500.

Employment Insurance Is Withheld from Wages Earned, with the Withholding