Question
Flint Inc.s weekly payroll of $26,000 included employee income taxes withheld of $3,715, Canada Pension Plan (CPP) withheld of $1,119, and Employment Insurance (EI) withheld
Flint Inc.s weekly payroll of $26,000 included employee income taxes withheld of $3,715, Canada Pension Plan (CPP) withheld of $1,119, and Employment Insurance (EI) withheld of $520. Assume now that the employer is required to match every dollar of the CPP contributions of its employees and to contribute 1.4 times the EI withholdings.
A) Prepare Flints entry to record its payroll-related payment to the Receiver General for Canada. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Account | Debit | Credit |
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