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Please answer quickly!!! but each one must have 10% of their pay witheld for income taxes. Each must also make Canada Pention Plan contributions of
Please answer quickly!!!
but each one must have 10% of their pay witheld for income taxes. Each must also make Canada Pention Plan contributions of 5.1% of their gross pay and pay Employment insurance premilum of 1.62% of their gross pay. Prepare the payroll joumal entres required to reflect these amounts, along with Platinum's share of CPP contributions and EI premiums, in Platinum's Jurne 30 financial statements. Prepare the journal entry to record the accrual of the payroll on June 30. (Enter debits first, then credits. Enter explanations on the last oyer matches the employee's contribut nter explanations on the last line of Step by Step Solution
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