How can QPIP premiums on regular earnings be calculated? 1) Using the formula: QPIP premium = regular earnings * premium rate 2) Using the formula: QPIP premium = regular earnin…

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asked Aug 23, 2024 218k views

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Tracy Hurley · Answer 1 · 2024-08-27T15:47:46+0000

Final answer:

The QPIP premiums on regular earnings are calculated by multiplying the regular earnings by the premium rate, making the correct formula: QPIP premium = regular earnings * premium rate.

Step-by-step explanation:

The Quebec Parental Insurance Plan (QPIP) premiums on regular earnings are calculated using a specific formula where the premium amount is derived by multiplying the regular earnings by the premium rate. Hence, the correct formula to calculate the QPIP premium is:

QPIP premium = regular earnings * premium rate

How can QPIP premiums on regular earnings be calculated? 1) Using the formula: QPIP premium = regular earnings * premium rate 2) Using the formula: QPIP premium = regular earnin…

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1 Answer

Final answer:

Step-by-step explanation:

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