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Omar, the chief accountant for Starbuck gives you the following information. The shop has seven employees, who earn gross wages of $250,000 for January. From
Omar, the chief accountant for Starbuck gives you the following information. The shop has seven employees, who earn gross wages of $250,000 for January. From this, Omar deducted 22% for income taxes, $11,000 in CPP premiums, and $3,800 in EI premiums before distributing the cheques to the staff on January 25. Omar was also required to match the employees' CPP premiums and pay $5,250 in EI premiums.
a.The cheques given to the staff has an amount of
b.The balance of CPP payable is
c.The balance of EI payable is
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