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Camparound Canada has 24 employees who are paid on a monthly basis. For the most...

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Accounting

Camparound Canada has 24 employees who are paid on a monthly basis. For the most recent month, gross earnings were $68,000. The income tax withholdings are 15% of gross earnings. Canada Pension Plan deductions are 4.95% of gross earnings and Employment Insurance deductions are 1.88% of gross earnings. All employees have $15 per month withheld for charitable contributions. Ignore the basic Canada Pension Plan exemption.
Referring to Table 11-7, Camparound Canada's total payroll cost for the month is:
$69,780.24.
$72,637.60.
$73,155.76.
$72,620.40.

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