Macier Company completed the salary and wage payroll for March 2017. The payroll provided the following details: salaries and vages earned Employee income taxes withheld Canada Pension Plan tmployment Insurance $ 220,000 49,200 2,000 650 Required: 1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labour cost for the company. TIP: Employer CPP equals employee CPP. Employer El equals 14 times employee El. Total labour cos! 2. Prepare the journal entry to record the payroll for March, including employee deductions but excluding employer payroll taxes. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet