Multiple Choice
If Geharty Company had deducted $2,000 Income tax, $200 CPP, and $120 EI from the employee's cheques, then the Employee Benefits Expense would be
A) $2,320.
B) $320.
C) $400.
D) $368.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q42: Different remittance rules apply to employers based
Q43: Employers must send employees their T4 by<br>A)
Q44: Payroll Tax Expense or Employee Benefits Expense
Q45: CPP Payable normally has a credit balance.
Q46: The debit amount to Payroll Tax Expense
Q49: The forms T4 and T4-T4A Summary must
Q50: Workers' Compensation Insurance<br>A) insures employees against losses
Q51: The employer's EI contribution is based on
Q52: The cheque to remit CPP, EI and
Q98: Why are the employee deductions recorded as