The payroll for Atkinson Company at the end of March 31, 2013 consists of salaries of $50,000.
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The payroll for Atkinson Company at the end of March 31, 2013 consists of salaries of $50,000. The company portions of CPP and EI contributions are $2,475 and $1,059 respectively. A total of $15,000 in income taxes is withheld. The company also pays a monthly cost of $500 for a dental plan for its employees. How much would Atkinson Company record at the end of March regarding its payroll related expenses?
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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