Assume the following payroll information for Jane Smith: Gross pay $10,000, Income tax $2,500, EI $220, CPP $540. What is included in the journal entry to record the employer amounts of the payroll: a. Employer portion of income tax $2,500 b. EI expense of $264 c. CPP payable of $540 d. EI payable of $220

Assume the following payroll information for Jane Smith: Gross pay $10,000, Income tax $2,500, EI $220, CPP $540. What is included in the journal entry to record the employer amounts of the payroll: a. Employer portion of income tax $2,500 b. EI expense of $264 c. CPP payable of $540 d. EI payable of $220

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject - account Please help me. Thankyou.
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