Laura, the accountant for Osco-shop gives you the following information. The shop has seven employees, who earn

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Laura, the accountant for Osco-shop gives you the following information. The shop has seven employees, who earn gross wages of $230,000 for January. From this, Laura deducted 22% for income taxes, $11,400 in CPP premiums, and $3,750 in EI premiums before distributing the cheques to the staff on January 25. Laura was also required to match the employees' CPP premiums and pay $5,250 in EI premiums.

The cheques given to the staff has an amount of?
The balance of CPP payable is?

Posted Date: Dec 14, 2021 02:59 PM

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Laura, the accountant for Osco-shop gives you the following information. The shop has seven employees, who earn

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Expert Answer:

Gross wages 23000000 Less Income deduction 22 5060000 Less CP... View the full answer

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