View Policies Show Attempt History Current Attempt in Progress Madawaska Timber Inc. had the following...

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View Policies Show Attempt History Current Attempt in Progress Madawaska Timber Inc. had the following transactions: Feb. 14 The board of directors for Madawaska Timber Inc approved a bonus payout to employees in the amount of $235,000. The source deductions on the bonus earned were CPP of $11,633, which Madawaska matched; El of $3,831, which it matched at 14 times, and income taxes of $47,000 and finally, $2,350 to the Union of Forest Workers (UFW) to cover union dues. In addition, Madawaska was required to pay Workers' Compensation Board (WCB) of British Columbia premiums of 6.54% based on the bonus costs. Paid the bonus approved by the board of directors on February 14. Made the remittance to the government related to the February 14 bonus. Made the remittance to UFW related to the February 14 bonus. Feb. 15 Feb. 20 Feb, 21 Your answer is partially correct Determine the amount of the employees' net wages, the total wages expense for Madawaska and the total amount that is payable to the government on Feb. 20. (Round answers to 0 decimal places, e.g. 125.) Employees' Net Wages 170,186 Total Wages Expense $ 268.477 Total amount that is Payable to the Government $ 95.941 eTextbook and Media List of Accounts Save for Later Attempts: unlimited Submit

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