Indicate using an 'X' which financial statement would report the following payroll related accounts: El Payable...

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Indicate using an 'X' which financial statement would report the following payroll related accounts: El Payable Salaries Expense Payable CPP Employer Benefits Expense Employee Income Tax Payable Answer: Balance Sheet Income Statement Salaries Payable If net pay was $4,750 and CPP was $350, El was $125, and income tax $500. What would be the employer's total payroll expense (including employer's benefit expense) assuming they match CPP 100% and El 140%? Indicate using an 'X' which financial statement would report the following payroll related accounts: El Payable Salaries Expense Payable CPP Employer Benefits Expense Employee Income Tax Payable Answer: Balance Sheet Income Statement Salaries Payable If net pay was $4,750 and CPP was $350, El was $125, and income tax $500. What would be the employer's total payroll expense (including employer's benefit expense) assuming they match CPP 100% and El 140%?

Answer rating: 100% (QA)

solution 1a Payable Balance Sheet 1b Salaries Expense Income Statement 1c CPP Income Statement 1... View the full answer