The payroll for unified, inc. is $7000. unified, inc. must make the following deductions on its employee's earnings: A) federal income tax: 20%. B) CPP: 1.7%. C) UI: 2.5%. In addition to these deductions, they must also match the employee's CPP contributions, remit 1.4 times its employees' UI contributions, and make a contribution to provincial health care at 1.8% of gross pay. When they remit their taxes to the government, for what amount will the Cash account be credited?

Answer rating: 100% (QA)

1 Federal Income Tax Deduction The federal income tax deduction is calculated as 20 of the payroll a... View the full answer