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What the amount to be remitted to the receiver general would

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Reference no: EM132902416

Problem 1: What liability account is reduced when the employees are paid?

A) Income Tax Payable, CPP Payable, EI Payable

B) Wages and Salaries Expense

C) Wages and Salaries Payable

D) Payroll Taxes Payable

Problem 2: If the employees have had $300 in CPP contributions and $400 in EI contributions deducted from their paychecks, then the amount to be remitted to the Receiver General would be (excluding income taxes)

A) $700.

B) $860.

C) $1,164.

D) $1,560.

Reference no: EM132902416

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