Thorup Company had gross wages of $200,000 during the week ended December 10. The amount of wages

Question:

Thorup Company had gross wages of $200,000 during the week ended December 10. The amount of wages subject to CPP was $195,000. Tax rates are as follows: CPP 4.95% EI 1.83%. The total amount withheld from employee wages for provincial taxes was $12,000, and for federal taxes was $28,000.
a. Journalize the entry to record the payroll for the week of December 10.
b. Journalize the entry to record the employer payroll expenses incurred for the week of December 10.