The bookkeeper receives all the labour timecards and calculates this week's payroll as follows: 

wages due to employees, $4287.84, 

amount owed for social security, $648.74; 

Medicare, $196.35; 

SUTA, $263.76; 

FUTA, $6.10; 

workers' compensation, $490.54; 

general liability insurance, $42.20; 

employer-paid health insurance, $272.64. 

What amount will be charged to the Insurance Payable account?

The bookkeeper receives all the labour timecards and calculates this week's payroll as follows: 

wages due to employees, $44382.39, 

amount owed for CPP, $6675.50; 

EHT, $1969.13; 

EI, $750.54; 

WSIB, $2209.41; 

general liability insurance, $363.09; 

employer-paid health insurance, $2721.62. 

What amount will be charged to the Tax Payable account?

The bookkeeper receives all the labour timecards and calculates this week's payroll as follows: 

wages due to employees, $42184.02, 

amount owed for CPP, $6819.62; 

EHT, $1076.37; 

EI, $766.62; 

WSIB, $2071.36; 

general liability insurance, $405.36; 

employer-paid health insurance, $3132.99. 

What amount will be charged to the Labour Expense account?

Answer rating: 100% (QA)

ANSWERS Question 1 To determine the amount charged to the Insurance Payable account we need to add up the expenses related to insurance From the given ... View the full answer