Question
PART A: Acme Cleaning Company pays its employees, a total fixed monthly salary of $6207 As required, each pay issued to the employees features the
PART A: Acme Cleaning Company pays its employees, a total fixed monthly salary of $6207 As required, each pay issued to the employees features the following statutory deductions: Income tax: $817.3 CPP: $291.5 El: $71.69 Acme Cleaning Company is required to pay a matching amount of CPP and 1.4 times the amount of El deducted from employees' pay. Required: Provide answers to each of the following questions. Input all your answers to the nearest penny (i.e. 2 decimal places). For example, enter $100 as "100.00". ONLY ENTER NUMERIC RESPONSES. DO NOT ENTER LETTERS, DOLLAR SIGNS, COMMAS, OR OTHER CHARACTERS OF KIND. What amount should be recorded each month for Salary Expense? What amount will be credited to Cash for each pay issued by Acme Cleaning Company? What is the total amount debited to Employee Benefits Expense each month? What is the total liability related to payroll deductions (employee & employer remittances) recorded each month? PART B: Acme Cleaning Company earned service revenue of $10790 during its most recent month of operations. Acme Cleaning Company's revenues are subject to the 13% HST. Assuming all sales are made on credit. Required: Compute the total liability to be reported for HST for the month. Input your answer below, to the nearest penny (i.e. 2 decimal places). ONLY ENTER A NUMERIC RESPONSE. DO NOT ENTER LETTERS, DOLLAR SIGNS, COMMAS, OR OTHER CHARACTERS OF KIND. Total liability for the month for HST
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