Macier Company completed the salary and wage payroll for March 2014. The payroll pro- vided the following details:

Required:
1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labour cost for the company.
Employer CPP equals employee CPP. Employer EI equals 1.4 times employee EI.
2. Prepare the journal entry to record the payroll for March, including employee deductions (but excluding employer payroll taxes).
3. Prepare the journal entry to record the employer's CPP and EI contributions?

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$230,000 50,200 2,500 750 Salaries and wages earned Emplayee income taxes withheld Canada Pension Plan Emplayment Insurance