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Hillier Hillier
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Posts: 550
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6 years ago
The Canada Pension Plan premium deducted from an employee's wages was $131.59. If the premium rate is 2.925% of gross wages, how much were the employee's gross wages?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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wrote...
6 years ago
Let gross wages be $x.
2.925% of x = 131.59
   0.02925x = 131.59
   x = $4498.80
Hillier Author
wrote...
5 years ago
Thanks so much
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