Question
Monty Industries had a total bi-weekly payroll of $46,000. The entire payroll was subject to PP (5.45%), El (1.58%), and income tax withholdings of $6,072.
Monty Industries had a total bi-weekly payroll of $46,000. The entire payroll was subject to PP (5.45%), El (1.58%), and income tax withholdings of $6,072. Union dues of $575 were also withheld. Prepare journal entries on employer payroll contributions. (Payroll tax expense, EI and CPP)
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IT Auditing Using A System Perspective Premier Reference Source
Authors: Robert Elliot Davis
1st Edition
1799855481, 978-1799855484
