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

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Accounting

Question 7: (12 marks)
Haines, Inc. prepared the following payroll summary for the current month, April 2027:
Total salaries $46,000
Employee deductions:
Employee income taxes withheld 11,500
Hospital insurance premiums 1,430
Union dues withheld 1,190
CPP is deducted at 5.75% and EI is deducted at 1.58%.
Haines contributes to a private pension plan on behalf of its employees in the amount of 9% 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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