1. The payroll journal entry can be combined with the payroll expense journal entry should an organization...

Fantastic news! We've Found the answer you've been seeking!

Question:

1. The payroll journal entry can be combined with the payroll expense journal entry should an organization wish to do so ?

true or false

2. If an employer with holds a total of $40,000 annually from employee payments for CPP contributions, the total required remittance amount for CRA for the year will be

a. 40,000

b. 80,000

Related Book For answer-question

Introduction To Federal Income Taxation In Canada

ISBN: 9781554965021

33rd Edition

Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett

See More Books

Posted Date: Nov 23, 2022 03:20 PM

See More Questions

An investor is at install a total of 40 identical wind turbines in a location with an average wind speed of 7.2 m/s. The blade diameter of each turbine is 18 m and the average overall wind turbine...
Describe how the built-in sum function can be combined with Pythons comprehension syntax to compute the sum of all numbers in an nn data set, represented as a list of lists.
A total of 40 different proposals were evaluated by the IRAD (Industrial Research and Development) committee during the past year. Twenty were funded. Their rate of return estimates are summarized...
Measuring the height of a California redwood tree is very difficult because these trees grow to heights over 300 feet. People familiar with these trees understand that the height of a California...
Identify and discuss the serious data redundancy problems exhibited by the file structure shown in Figure. (The file is meant to be used as a teacher class assignment schedule. One of the many...
Suppose most investors expect the inflation rate to be 5 percent next year, 6 percent the following year, and 8 percent thereafter. The real risk-free rate is 3 percent. The maturity risk premium is...
Walt Disney reports the following information for its two Parks and Resorts divisions. Assume Walt Disney uses a balanced scorecard and sets a target of 85% occupancy in its resorts. Using Exhibit...
Bolero Company holds 80 percent of the common stock of Rivera, Inc., and 40 percent of this subsidiarys convertible bonds. The following consolidated financial statements are for 2014 and 2015:...
2) A math tutor makes $15.00 per hour in the tutoring lab at her school. She earns an additional $7.50 more per hour overtime for any hours worked which exceed her normal 40-hr work week. b) Write a...
Watershed is a media services company that provides online streaming movie and television content. As a result of the competitive market of streaming service providers, Watershed is interested in...
An object is thrown straight upward with a velocity of 20 m/s. Neglecting air resistance, what is the maximum height the object will reach? How long will it take the object to reach its maximum...
Home Depot Annual Report.pdf Page 50 of 92 Table of Contents in millions, except per share data Net sales Cost of sales THE HOME DEPOT, INC. CONSOLIDATED STATEMENTS OF EARNINGS Gross profit Operating...
Enumerate three significant adaptations of amniotes that facilitate terrestrial life.
Can you provide a detailed explanation of a keratocyte, including the organization of actin within its lamellipodia? Furthermore, could you elucidate the mechanisms underlying nucleation and...
A floor plan for a new house shows a linen closet with an area of 12 ft and a clothes closet with an area of 18 ft2. The two rectangular closets will share one wall. What are all the possible...
Could you provide three illustrative examples that elucidate the types of evidence utilized in support of the theory of evolution?
Suppose you deposit 1000 into a fund at the start of the year. At then end of the year it is now worth 1100, so you decide to invest another 500. At the end of the second year, the fund is only worth...
Under what conditions is the following SQL statement valid?
Dawn, a client of yours, generally has employment income from her company and some investment income. In early 2012, you arranged Dawn's affairs such that she would crystallize her $500,000 capital...
Sharp is a musician who paid $500 in 2002 for an indefinite-life licence to perform in the subway walkway areas. In 2007, Sharp decided to try a different approach to developing a following. He...
Jean-Luc, the taxpayer in this case, was experienced in retail real estate, having originally been employed by a fast-food chain of restaurants. His duties were to locate, acquire and open...
Explain how corporations provide limited liability to their owners.
What are the goals of the Financial Services Authority in the United Kingdom?
Alder, Svingos, and Shaw owned an equal number of shares in a corporation that was organized to run a restaurant. They entered into a shareholders agreement that provided, among other things, that...

1. The payroll journal entry can be combined with the payroll expense journal entry should an organization...

Question:

Expert Answer:

1 True The payroll journal entry can be combined with the payroll expe... View the full answer

Introduction To Federal Income Taxation In Canada

Students also viewed these accounting questions