The extent of internal control activities adopted by a company must not be evaluated in terms of cost-benefit. Question 7 (1 point) Jane Chan works for the Blue Door Corporation at a salary of $700 per week. She is paid every two weeks. For this pay period, the company has calculated that the following items should be deducted from her biweekly pay: income tax of $185, CPP of $60, and El premiums of $25. In addition to the employee contributions to CPP and El, the company is also required to pay CPP of $60 and El premiums of $35 for this same pay period. Indicate which of the following statements is correct with regard to Jane's biweekly pay. Immediately before making any payments to the government, the company will have a balance of $185 in its Employee Income Tax Payable account, due to Jane's employment. Immediately before making any payments to the government, the company will have a balance of $60 in its CPP Payable account, due to Jane's employment. The El Payable, CPP Payable, and Employee Income Tax Payable accounts are not considered current liabilities because companies usually retain their employees for longer than one year. The employee benefits expense for this period is $285. OG