PART II: Current Liabilities -14 MARKS: QUESTIONS 23 to 29 Use the information below to answer Questions 23-25. Laura, the accountant for Osco-shop gives you the following information. The shop has seven employees, who earn gross wages of $230,000 for January. From this, Laura deducted 22% for income taxes. $11,400 in CPP premiurns, and $3,750 in El premiums before distributing the chegons to the staff an January 25. Laura was also required to match the employees' CPP premiums and pay $5.250 in El premiums. The cheques given to the staff has an amount of a. 230,000 b. 164,250 c. 175,650 d. 179,400 The balance of CPP payable is a 11,400 b. None c. 22.800 d. 3,750 The balance of El payable is a. 3,750 b. 9,000 C None d. 5.250