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Assume that in January 15, company A records showed that its one office employee and two sales employees had earned gross pay of $700, $900,
Assume that in January 15, company A records showed that its one office employee and two sales employees had earned gross pay of $700, $900, and $650 respectively. Assume deduc respectively. EI Premium, Income Taxes and CPP information are given below: Gross Pay EI Premium CPP Union Dues Total Deductions Net Pay Office Salaries Sales Salaries Income Taxes Hospital Insurance Gross pay- Total Deductions (El premium+Income Taxes+Hospital Insurance+CPP+Union Dues) 700 15 140 50 32 25 262 438 700 19 205 43 14 127 29 1 1. Fill the blank spaces (Note: office salary employee information has been filled) 2. Use the information below to record January 15 Journal entries for both employee and employer For employers, EI portion remitted to government= EI portion of employee * 1.4 For employers, CPP portion remitted to government=CPP portion of employee *1 . Suppose company A remits the payroll payable to CRA on January 30. Record journal entries
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