An employer has calculated the following amounts for an employee during the last week of March 2021. Required Gross wages Income taxes Canada Pension Plan Employment Insurance $1,500 300 78.08 23.70 a) Calculate the employee's net pay, assuming an income tax rate of 20% is applied. b) Assuming the employer's contribution is 100% for Canada Pension Plan and 140% for Employment Insurance, what is the employer's total expense? c) Prepare the journal entries to record payroll for the employee and record the employer's contribution. JOURNAL Date Account Title and Explanation AP-6A AP-10A AP-9B AP-16B + Debit Credit