Question

An employee's bi-weekly earnings are $1,675.00. The employee's year-to-date Canada Pension Plan contributions are $970.00 and the employee's year-to-date Employment Insurance premiums are $522.00 for 2018. Step 1: CPP Step 2: Employer portion of CPP Step 3: EI Step 4: Employer portion of EI

Answer 1

Canada pension plan (CPP)includes contribution by both employee and employer.

Both of them make equal contribution.

In the given case employee contribution is $975, thus employer should also make an equivalent contribution of $975.

This cpp is 975+975 = 1950

Employer portion of cpp is 975

EI by employee is $522.

Employer should make contribution of 1.4 x of contribution made by employee and thus employers contribution would come to 1.4x$522=$730.8

This total EI is $522+$730.8 =1252.8.

Employers contribution of EI is $730.8.