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Income tax rate is 20% for both employees Molten Models Inc. has two employees. Kim, an engineer who designs volcano themed merchandise and maintains the
Income tax rate is 20% for both employees
Molten Models Inc. has two employees. Kim, an engineer who designs volcano themed merchandise and maintains the machines, and Wren, a machinist who mass produces the items. Kim earns $54,000 per year while Wren earns $3,800 each month. Showing all your work, complete Molten's bi-weekly payroll journal entries for November 30th (Ignore any exempt amounts in your calculations). Also, make the journal entry for MONTHLY payroll remittance to the CRA on December 15thStep by Step Solution
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