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4) Maritime Industries is a fabrication business located in Fredericton, NB. The following payroll register contains payroll information for the week ended August 21,

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4) Maritime Industries is a fabrication business located in Fredericton, NB. The following payroll register contains payroll information for the week ended August 21, 2022. All employees pay the federal income tax rate is 10%, provincial income tax rate is 8%, CPP rate is 4.95%, and El rate is 1.88%. Employee Name Weekly Federal Provincial Gross Pay Income Tax Income Tax CPP EI Total Deductions Net Pay Garnett, A $1,200 120.00 96.00 56.07 22.56 314.63 885.37 Kelly, D.V $900 90.00 72.00 41.22 16.92 240.14 659.86 Molloy, N $1,400 140.00 112.00 65.97 26.32 364.29 1,035.71 Whiting, A $1,050 105.00 84.00 48.64 19.74 277.38 772.62 TOTAL $4,550 455.00 364.00 211.9085.54 1,196.44 3,353.56 Prepare a general journal entry to record the totals in the payroll register for the week ending August 21, 2022 assuming the wages will be paid the following week. (10 MARKS)

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