Gross salaries for the period are $27,500 The CPP employer and employee rate is 5.25% The El employer rate is 2.21% The El employee rate is 1.58% Total union dues are $1,740 Medical premiums are $3,000, split equally betwe The income tax rate is 20% epare the journal entry to record payroll on Ja lia
Gross salaries for the period are $27,500 The CPP employer and employee rate is 5.25% The El employer rate is 2.21% The El employee rate is 1.58% Total union dues are $1,740 Medical premiums are $3,000, split equally betwe The income tax rate is 20% epare the journal entry to record payroll on Ja lia
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter9: Payroll Accounting: Employer Taxes And Reports
Section: Chapter Questions
Problem 1CP: Payrex Co. has six employees. All are paid on a weekly basis. For the payroll period ending January...
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