Question
Complete the Payroll Table below: Weekly Payroll Register Gross Pay Employee A $2,000.00 El Rate = CPP Rate = CPP Exemption= Income Tax Rate
Complete the Payroll Table below: Weekly Payroll Register Gross Pay Employee A $2,000.00 El Rate = CPP Rate = CPP Exemption= Income Tax Rate = EI CPP 1.66% of Gross Pay 4.95% of Gross Pay $3,500 Annual 20% of Gross Pay Inc Tax Net Pay o Note: None of the employees have reached the El or CPP Maximums. Prepare the Journal Entry from the payroll table above. You may ignore the employer's required El and CPP Contributions.
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Accounting Principles Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
8th Canadian Edition
111950242X, 1-119-50242-5, 978-1119502425
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