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Grater Co. sales employees earned salaries of $30,000 during the week of July 1-6, all of which were subject to 4.95% CPP, and 3 week

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Grater Co. sales employees earned salaries of $30,000 during the week of July 1-6, all of which were subject to 4.95% CPP, and 3 week annual vacation. The salaries are also subject to federal and provincial income tax withholdings of $4,500. Grater Company's employees also pay El at the rate of 1.66%, and Grater Company's share is 14 times the employees' contributions. Which one of the following entries should be prepared to record Grater Company's payroll benefits expense? Multiple Choice O O 1.485.00 Benefits Expense Payroll Taxes Payable 1,485.00 4,856.00 Benefits Payable CPP Payable El Payable Employees' Income Taxes Payable 990 366 3.500.00 PAG-

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