The employer is currently required to withhold a premium of 1.66% on insured earnings to a maximum earnings ceiling of $ 51,700. Dallas Reimer earns $ 1,000 per week. What amount of Employment Insurance (EI) will be deducted from Dallas's pay each week?
A) $ 16.60
B) $ 0
C) $ 839.97
D) $ 25.62

Question

Quizplus · Accepted Answer

Dallas earns $1,000 per week. The EI premium is 1.66% of insured earnings. Therefore, the weekly deduction is 1.66% of $1,000, which equals $16.60.

The Employer Is Currently Required to Withhold a Premium of 1.66