Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company's payroll for two weeks, ending November 14, is $25,630. The following source deductions were made: Employee income taxes payable, $7,689; CCP payable, $1,269;

image text in transcribed
A company's payroll for two weeks, ending November 14, is $25,630. The following source deductions were made: Employee income taxes payable, $7,689; CCP payable, $1,269; El payable, $538; and Union Dues payable, $1,200. The employer's payroll liabilities include $1,269 for CPP payable, $754 for El payable, and $1,025 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Social Responsibility Audit A Management Tool For Survival

Authors: John W Humble

1st Edition

0900853522, 978-0900853524

More Books

Students also viewed these Accounting questions