Answered step by step
Verified Expert Solution
Question
1 Approved Answer
This question. 1 points possible Submiteur Peter Tomach works for a manufacturing company. He eams $600 a week for a 40-hour week and time and
This question. 1 points possible Submiteur Peter Tomach works for a manufacturing company. He eams $600 a week for a 40-hour week and time and a half for anything over 40 hours per week. During the first week of the year Pefer word 49 mars. The comes eamings Canada Pension Plan deductions are 4 95% of gross earnings and Employment Insurance deductions are 1 88% of gross earnings Ignore the basic Canada Pension Plan exemption The entry to record the payroll costs imposed on the employer would include a O A. credit to Employment Insurance Payable for $15 01 O B. credit to Employee Income Tax Payable for $120 38 OC. debit to Salary Expense for $600 OD. debit to Canada Pension Plan Expense of $39 72
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started