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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

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter9: Current Liabilities And Contingent Obligations
Section: Chapter Questions
Problem 5RE
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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
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