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Waterloo Company completed the payroll for July 2020 as the below data: Salaries and wages $76,000 Employee income taxes withheld 15,800 CPP contributions 4,520 El

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Waterloo Company completed the payroll for July 2020 as the below data: Salaries and wages $76,000 Employee income taxes withheld 15,800 CPP contributions 4,520 El contributions 1,352 Union dues withheld 1,100 1. Calculate the take home amount of the employees salaries and wages. [2 marks) 2. Calculate the additional payroll expense the company will incur? (2 marks) 3. Write the accounts and amounts for the payroll related liabilities to be listed on the company's Statement of financial position on July 31, 2020 after the take home salary is paid. (4 marks)

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