Cedar Homes Ltd.has 5 sales employees, each of whom earns $3,000 per month and is paid the last working day of the month. Canada Pension Plan is 4.95% of theearningsand Employment Insurance is 1.78% of theearnings. Withholdings for each employee also include federal income tax of 15%, andmedical insurance premiums of $110.

journal entry for brich company's employer benefits for the month of March

Calculate the employee and employer portion of CPP and EI