Payroll Taxes} During October, Seger Insurance employees earned ($ 100,000) in wages. The employer's share of Canada

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Payroll Taxes}

During October, Seger Insurance employees earned $\$ 100,000$ in wages. The employer's share of Canada Pension Plan contributions was $\$ 3,000$ and employer Employment Insurance premiums were $\$ 1,400$.

\section*{Required:}

Prepare the necessary journal entry for Seger to record the employer portion of these payroll taxes.

\section*{Cornerstone Exercise

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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Question Posted: Jun 10, 2024 01:02 AM

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Payroll Taxes} During October, Seger Insurance employees earned ($ 100,000) in wages. The employer's share of Canada

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Cornerstones Of Financial Accounting

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