Herbert Smith works for a Premier Chips takeout for straight-time earnings of $14.00 per hour, with time and a half for hours in excess of 35 per week See's payroll deductions include income tax of 21 percent CPP of 4.95 percent on earnings (account for the $3,500 basic annual exemption), and El of 1.06 percent on eamings. In addition, he contributes $25 per week to his Registered Retirement Savings Plan (RRSP) Assume Smith worked 42 hours during the wook. He has not yet reached the CPP or El maximum eamings levels Required 1. Compute Smith's gross pay and net pay for the week 2. Make a compound general journal entry for June 14 to record the restaurant's wage expense for Smith's work, including his payroll deductions and the employer payroll costs. Round all amounts to the near cont. An explanation is not required. Requirement 1. Compute Smith's gross pay and not pay for the week (Round all intermediary and final answers to the nearest cent