Lesson 2: Personal Taxes - Calculating Employment Insurance Practice

   Practice Makes Perfect

Download Practice Makes Perfect as a pdf file to print off, complete, and save in your Math 10-3 binder, or write the answers in a notebook specifically for Math 10-3 notes.

Complete the following questions:


  1. Maximum annual EI deductions are $913.68. What is the annual income that will result in the maximum annual EI deduction?

    Hint:
    EI = gross pay × 1.88%


  2. Michelle, a carpenter, makes $60 249.96 in a year. Calculate her monthly EI deduction.

    Hint:
    Remember to calculate the monthly amount in the last step


Check your answers in the detailed solutions found here. Practice is important before you attempt the Chapter 1, Lesson 2 Assignment.



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