Question
The bookkeeper receives all the labour timecards and calculates this week's payroll as follows: wages due to employees, $4287.84, amount owed for social security, $648.74;
The bookkeeper receives all the labour timecards and calculates this week's payroll as follows:
wages due to employees, $4287.84,
amount owed for social security, $648.74;
Medicare, $196.35;
SUTA, $263.76;
FUTA, $6.10;
workers' compensation, $490.54;
general liability insurance, $42.20;
employer-paid health insurance, $272.64.
What amount will be charged to the Insurance Payable account?
The bookkeeper receives all the labour timecards and calculates this week's payroll as follows:
wages due to employees, $44382.39,
amount owed for CPP, $6675.50;
EHT, $1969.13;
EI, $750.54;
WSIB, $2209.41;
general liability insurance, $363.09;
employer-paid health insurance, $2721.62.
What amount will be charged to the Tax Payable account?
The bookkeeper receives all the labour timecards and calculates this week's payroll as follows:
wages due to employees, $42184.02,
amount owed for CPP, $6819.62;
EHT, $1076.37;
EI, $766.62;
WSIB, $2071.36;
general liability insurance, $405.36;
employer-paid health insurance, $3132.99.
What amount will be charged to the Labour Expense account?
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