question archive Claire is a British Columbia employee
Subject:AccountingPrice:2.89 Bought3
Claire is a British Columbia employee. She worked 80 hours this bi-weekly pay period and is paid $20.00 per hour. This pay she will also receive a bonus of $500.00. What is Claire's Employment Insurance premium?
Insurance premium = 33.18
Insurance premium = 1.58% of earnings
Insurance premium = 1.58%*(80*20+500)
insurance premium = 1.58%*(1600+500)
insurance premium =1.58%*2100
Insurance premium = 33.18