Question
The following detailes are fo the salaried employees: Gross Wedges: $ 39100 Income Taxes: $ 7038 Canada Pension Plan: $ 1994 Employment Insurance: $ 633
The following detailes are fo the salaried employees:
Gross Wedges: $ 39100
Income Taxes: $ 7038
Canada Pension Plan: $ 1994
Employment Insurance: $ 633
Charitable Donations: $ 354
Medical Benefits( Employee Portion): $ 453
a) Prepare the journal entries to accrue the gross and net pay ( enter credits in alphabetical order)(round your answer to the nearest whole dollar)
Accrue payroll to be paid later
b) The government requires that the employer match 100% of the CPP withheld from the employee and that they match140% of the amount withheld for EI.. The employer matches the employee's health benefits.Prepare the journal entry to record the employer's expenses and associated liabilities.
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