(Solution) - Bingham s Custom Woodworking withheld CPP contributions of 587 25 EI contributions -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Pages: 5 Words: 1375

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Bingham?s Custom Woodworking withheld CPP contributions of $587.25, EI contributions of $251.65, provincial income taxes of $827.61, and federal income taxes of $1,845.62 from its employees? pay during a recent pay period.
Provide the journal entry to record the remittance of payroll deductions to the Receiver General.