Claim codes are basically, depending how much you earn, how often, you pay more tax, more CPP, more EI
*CPP and EI have annual maximums. More earn= more pay
Tuesday 23 September 2008
Net Pay
Net pay is how much money a person earns, after deductions. Deductions are amoubnts of money removed from gross pay for various reasons such as :
- *taxes,
- insurance(Accident/ life, health + dental),
- *pension(CPP)
- pension(company/corporate)
- *(employment insurance)
- payroll deductions
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