Question
A company's payroll for two weeks, ending November 14, is $26,850. The following source deductions were made: Employee income taxes payable, $8,055; CCP payable, $1,329;
A company's payroll for two weeks, ending November 14, is $26,850. The following source deductions were made: Employee income taxes payable, $8,055; CCP payable, $1,329; EI payable, $564; and Union Dues payable, $1,250. The employer's payroll liabilities include $1,329 for CPP payable, $789 for EI payable, and $1,074 for estimated vacation liability.
1.How much will employees be paid in cash on November 14?
2.Calculate the employee benefits expense for the payroll
3.How much EI, CCP, and employees' income tax must the employer remit to the Federal Government as a result of this payroll?
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