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Answer the following questions. Name three statutory deductions for employees. How is the employer's portion of CPP calculated? How is the employer's portion of El

Answer the following questions.
Name three statutory deductions for employees.
How is the employer's portion of CPP calculated?
How is the employer's portion of El calculated?
Name three statutory deductions for employees.
A. Employer Income tax, GST, EI
B. Employee Income tax CPP, EI
C. Employer Income tax, CPP, HST
D. Employee Union dues, RRSP, ElThe Faber Company had two employees for the week ended June 24. On the basis of the following information, prepare a general journal entry to record the employee benefits expense for that payroll.
\table[[,,Deductions,],[Employee,Salary,IT,CPP,El,Net Pay],[Brett Pox,800,162,36,14,588],[Casey Flicks,1,100,195,51,20,834]]
Prepare the journal entry below. (Record debits first, then credits.
Explanations are not required. Round your answers to the nearest cent.)
\table[[Date,Accounts,PR,Debit,Credit],[June 24],[,,,,],[,,,,],[,,,,]]
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