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Molten Models Inc. has two employees (both pay a 20% tax rate). Kim, an engineer who designs volcano themed merchandise and maintains the machines, and
Molten Models Inc. has two employees (both pay a 20% tax rate). 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 Moltens 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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