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Below are the payroll records for the transaction that has not been recorded yet. Paid salaries of $18,000; of this amount $495 is CPP, $200
Below are the payroll records for the transaction that has not been recorded yet. Paid salaries of $18,000; of this amount $495 is CPP, $200 is El and $3,465 is for income taxes. Calculate the amount of total Salaries and benefits expenses for the month. Hint: Employer's portion of El premiums is 1.4 times employee's amount. Ignore WCB premiums. Enter your answer as xxxxxxx (no comma, no decimals, no $ sign)
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