The account credited for all payroll deductions is Employee Benefits Expense.
Correct Answer:
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Q16: Which of the following is a payroll
Q17: Employment Insurance premiums are paid by
A) the
Q18: In addition to CPP and EI, employers
Q19: Personal Income Tax rates
A) vary from province
Q20: If the employees' EI deductions for the
Q22: Wages and Salaries Expense is
A) equal to
Q23: What type of account is Payroll Tax
Q24: The payroll tax expense is recorded at
Q25: CPP Payable normally has a credit balance.
Q26: The Employee Benefits Expense entry is recorded
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