QUESTION $3$

Payroll

$15$ MARKS

The following is the financial information for a local bar for the week ending March $17,2024$

Employee Gross Payroll

Income tax deducted

Canada Pension Plan deducted

$$7,900$

Employment Insurance deducted

Controlled tips

$$1,680$

$5485$

$$140$

WSIB assessment rate is $$1$ per ducted

$5800$

Corporate payroll tate is $$1$ per $$100$ of payroll

$$125$ deducted

Required:

Calculate the remittance amount to Revenue Canada

Calculate the remittance amount to WSIB

Journalize the payroll $q,$

$q,$

$q,$

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