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Marshal Models Inc. has two employees. Tim, an engineer who designs volcano themed merchandise and maintains the machines, and Will, a machinist who mass produces
Marshal Models Inc. has two employees. Tim, an engineer who designs volcano themed merchandise and maintains the machines, and Will, a machinist who mass produces the items. Tim earns $54,000 per year while Will earns $3,800 each month (both have an income tax rate of 25%). Showing all your work, complete Marshals 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 15th.
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