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ake me to the text Water Cruises rents canoes and other water crafts to campers and hikers. On March 15, 2020, Water Cruises prepared their semi-monthly payroll for their employees. The current CPP rate is 5.25%, the current EI rate is 1.58%, and the appropriate income tax rate is 21%. The employer pays half of the health care premium, and the employees pay the other half. Assume the employer contributes 100% toward CPP and 140% toward EI. Payroll information for March 15, 2020 is listed below. Employee Total Hours Hourly Rate Total Health Care M. Swift 70.0 $16.00 $15.00 S. Current 81.0 $16.00 $16.00 B. Wavey 78.0 $15.00 $14.00 Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. a) Calculate gross and net pay for each employee. Payroll Register Deductions Employee Gross Income Tax CPP* EI Health Care Total Deductions Net Pay M. Swift $Answer $Answer $Answer $Answer $Answer $Answer $Answer S. Current $Answer $Answer $Answer $Answer $Answer $Answer $Answer B. Wavey $Answer $Answer $Answer $Answer $Answer $Answer $Answer Total $Answer $Answer $Answer $Answer $Answer $Answer $Answer *Remember to properly account for the $3,500 exemption b) Calculate the employer contributions. Employer Contributions CPP* $Answer EI $Answer Health Care $Answer c) Prepare the payroll journal entries for March 15, 2020 to record the salaries payable to the employees and accrue the employer contributions. For transactions with more than one debit or more than one credit, enter the debit accounts in alphabetical order followed by credit accounts in alphabetical order. Date Account Title and Explanation Debit Credit 2020 Mar 15 Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer Record payroll Mar 15 Answer Answer Answer Answer Answer Answer Answer Answer Record additional employer expenses d) Prepare the entry to pay the employees on March 17, 2020. Date Account Title and Explanation Debit Credit 2020 Mar 17 Answer Answer Answer Answer Pay employees e) Prepare the entry to pay the liability to the health insurance company on March 31, 2020. Date Account Title and Explanation Debit Credit 2020 Mar 31 Answer Answer Answer Answer Pay health care liability f) Prepare the entry to pay the liabilities to the government on April 15, 2020. Date Account Title and Explanation Debit Credit 2020 Apr 15 Answer Answer Answer Answer Answer Answer Answer Answer Pay payroll liabilities to the government

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