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Question 7 The following information relates to KC Enterprises payroll for the month of July: Total wages $15,000 Income tax withheld 3,000 Employees CPP contributions
Question 7
The following information relates to KC Enterprises payroll for the month of July:
Total wages | $15,000 | |
Income tax withheld | 3,000 | |
Employees CPP contributions | 742.5 | |
Employees EI contributions | 240 | |
Company contributions for CPP | 742.5 | |
Company contributions for EI | 336 |
The total wage expense for KC Enterprises for the month of July is
| $14,107.50. |
| $16,078.50. |
| $9,285. |
| $16,024.50. |
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