4) Maritime Industries is a fabrication business located in Fredericton, NB. The following payroll register contains...

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4) Maritime Industries is a fabrication business located in Fredericton, NB. The following payroll register contains payroll information for the week ended August 21, 2022. All employees pay the federal income tax rate is 10%, provincial income tax rate is 8%, CPP rate is 4.95%, and El rate is 1.88%. -ssibility: Investigate Employee Name Garnett, A Kelly, D.V Molloy, N Whiting, A TOTAL Weekly Federal Provincial Gross Pay Income Tax Income Tax Date $1,200 $900 120.00 90.00 $1,400 140.00 $1,050 105.00 $4.550 455.00 CPP EI Total Deductions Net Pay 56.07 22.56 96.00 72.00 112.00 41.22 16.92 65.97 26.32 48.64 19.74 84.00 364.00 211.90 85.54 Prepare a general journal entry to record the totals in the payroll register for the week ending August 21, 2022 assuming the wages will be paid the following week. (10 MARKS) JOURNAL Accounts. 314.63 240.14 364.29 277.38 1,196.44 885.37 659.86 1,035.71 772.62 3,353.56 Debit Credit FOCUS 2 4) Maritime Industries is a fabrication business located in Fredericton, NB. The following payroll register contains payroll information for the week ended August 21, 2022. All employees pay the federal income tax rate is 10%, provincial income tax rate is 8%, CPP rate is 4.95%, and El rate is 1.88%. -ssibility: Investigate Employee Name Garnett, A Kelly, D.V Molloy, N Whiting, A TOTAL Weekly Federal Provincial Gross Pay Income Tax Income Tax Date $1,200 $900 120.00 90.00 $1,400 140.00 $1,050 105.00 $4.550 455.00 CPP EI Total Deductions Net Pay 56.07 22.56 96.00 72.00 112.00 41.22 16.92 65.97 26.32 48.64 19.74 84.00 364.00 211.90 85.54 Prepare a general journal entry to record the totals in the payroll register for the week ending August 21, 2022 assuming the wages will be paid the following week. (10 MARKS) JOURNAL Accounts. 314.63 240.14 364.29 277.38 1,196.44 885.37 659.86 1,035.71 772.62 3,353.56 Debit Credit FOCUS 2

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Date Description Debit Credit Aug 21 2022 Salaries and Wag... View the full answer