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QUESTION 3 Reflection Xavier Corporation pays its five employees on a monthly basis. Following is the information for the payroll period ending September 30, 2018:
QUESTION 3 Reflection Xavier Corporation pays its five employees on a monthly basis. Following is the information for the payroll period ending September 30, 2018: 675 12 28 Alberta Employee Gross Income Union Health Number Employee Name Earnings Dues Care Sam Flags 4,350 1.174 Jack Scully 2.500 Zelmo Zale 2.150 S80 128 Calvin Spalding 2,200 594 Luther Rizzo 3,600 972 88 CPP Xavier is also required by law to withhold Canada Pension Premiums (CPP) at a rate of 4.95% of gross carnings, and Employment Insurance Premiums (ET) at a rate of 1.66% of gross earnings. Xavier is required to remit all government-related employee payroll dductions on September 30. REQUIRED: a) Prepare the journal entry on the books of Xavier Corporation to record the monthly payroll. b) Prepare the journal entry on the books of Xavier Corporation to record the employer's portion of the monthly payroll. c) Prepare the journal entry to record the remittance of taxes to the government (assume that the only amounts Xavier must remit are related to the September payroll)
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