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Question 7: (12 marks) Burlington, Inc. prepared the following payroll summary for the current...

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Accounting

Question 7: (12 marks)
Burlington, Inc. prepared the following payroll summary for the current month:
Total salaries $49,500
Employee deductions:
Employee income taxes withheld 12,270
Hospital insurance premiums 1,542
Union dues withheld 978
CPP is deducted at 4.95% and EI is deducted at 1.73%.
Burlington contributes to a private pension plan on behalf of its employees in the amount of 7.5% of gross pay. A vacation pay accrual is also made in the amount of 4% of the gross pay.
Required:
Prepare the journal entries to record:
a) The month's payroll register.
b) The cost of employee benefits for CPP and EI.
c) The cost of employee benefits for the private pension plan and vacation pay.

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