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WileyPlus Problem 9-18 WileyPLUS Problem 9-18 a-b (Part Level Submission) Madawaska Timber Inc. had the following transactions: Feb. 14 The board of

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1 Employees' net wages Amount ($)
Total bonus payout 245000
Less: Deductions
CPP 12128
EI 3994
Income taxes 49000
Total 179878
2 Total wages expense Amount ($)
Total bonus payout 245000.00
Add: Expenses
CPP 12128.00
EI (3994*1.4) 5591.60
Union of forest workers 2450.00
Workers' compensation Board 17342.09
Total 282511.69
3 Total amount that is payable to Government Amount ($)
CPP 24256
EI (3994*1.4) 9585.6
Income taxes 49000
Union of forest workers 2450
Workers' compensation Board 17342.09
Total 102633.69
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