Question
3) Harold Munster earned $2,400 in wages and $650 in sales commissions for the month of November. Harold's payroll deductions include income tax of 15
3) Harold Munster earned $2,400 in wages and $650 in sales commissions for the month of November. Harold's payroll deductions include income tax of 15 percent, Canada Pension of 4.95 percent on earnings and Employment Insurance of 1.88 percent on earnings.
Required:
1. Prepare the journal entries to record the payroll and the payroll taxes imposed on Harold Munster.
2. Prepare the journal entries to record the employer's payroll expense
3. Prepare the entry to record the remittance to the government.
PS: Please do not provide answers on hand-written format on Chegg. Word or Excel is ok. Thank You
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