The following information relates to Blinds R Us' payroll for the month of January: $$\begin{array} { l r }
\text { Total wages } & \$ 15,000 \
\text { Income tax withheld } & 3,000 \
\text { Employees' CPP contributions } & 500 \
\text { Employees' El contributions } & 225 \
\text { Company contributions for CPP } & 500 \
\text { Company contributions for EI } & 315
\end{array}$$
The total wage expense for Blinds R Us for the month of January is closest to:
A)$14,185
B)$15,000
C)$15,185
D)$18,815

Question

The following information relates to Blinds R Us' payroll for the month of January: $$\begin{array} { l r } 
\text { Total wages } & \$ 15,000 \
\text { Income tax withheld } & 3,000 \
\text { Employees' CPP contributions } & 500 \
\text { Employees' El contributions } & 225 \
\text { Company contributions for CPP } & 500 \
\text { Company contributions for EI } & 315
\end{array}$$
The total wage expense for Blinds R Us for the month of January is closest to:
A)$14,185
B)$15,000
C)$15,185
D)$18,815

Quizplus · Accepted Answer

Total wage expense = Total wages + Company contributions for CPP + Company contributions for EI= $15,000 + $500 + $315= $15,185

The Following Information Relates to Blinds R Us' Payroll for the Month