Gatineau Truck Centre This Company Has a Weekly Payroll of $10,000 for Its

Gatineau Truck Centre
This company has a weekly payroll of $10,000 for its employees, who work Monday through Friday. Federal and provincial income taxes are withheld in the amounts of $1,700 and $400, respectively. Employee payroll deductions are withheld at a mandatory rate of 7.65% (6.2% for Canada Pension Plan (CPP) and 1.45% for Workers Safety Insurance Board (WSIB) ) . In addition, the federal and provincial employment taxes are applied at rates of 2% and 5%, respectively. The company's year end is December 31.
-Refer to the figure Gatineau Truck Centre.What will occur with the employment taxes?

A) Employment taxes of $700 will be withheld from employee paycheques.
B) Employment tax expenses of $700 will be included on the income statement.
C) Employment taxes payable of $1,400 will be included on the balance sheet.
D) Employment tax expenses of $1,400 will be included on the income statement.