6. ei (employment insurance) is another government deduction. it is a fund into which employees and…

6. ei (employment insurance) is another government deduction. it is a fund into which employees and employers pay. if workers lose their jobs through no fault of their own and have worked at least 931 hours, they are eligible to collect monthly ei payments for a period of time. the greater a worker’s earnings, the greater the deduction and ei payments, if collected. kevin’s deduction for ei is $5.91 each week. how much would be deducted in a year for ei?

6. ei (employment insurance) is another government deduction. it is a fund into which employees and employers pay. if workers lose their jobs through no fault of their own and have worked at least 931 hours, they are eligible to collect monthly ei payments for a period of time. the greater a worker’s earnings, the greater the deduction and ei payments, if collected. kevin’s deduction for ei is $5.91 each week. how much would be deducted in a year for ei?

Answer

Explanation:

Step1: Identify number of weeks in a year

There are 52 weeks in a year.

Step2: Calculate annual deduction

Multiply weekly deduction by number of weeks. So, $5.91\times52$. $5.91\times52=(6 - 0.09)\times52=6\times52-0.09\times52 = 312-4.68=307.32$

Answer:

$307.32$