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Red Chin Inc. is getting ready to end their December 31, 2023 year. .pdf

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Red Chin Inc. is getting ready to end their December 31, 2023 year. They have 3 employees who are entitled to a salary of $2,000 twice a month (i.e. 1/15th of the month). Amounts owed for the period from December 15-December 31 will be paid on January 1, 2024. Assume that employees are subject to a 15% income tax withholding rate and must pay CPP and EI of 5% and 2% of their gross pay respectively. Prepare the employee.

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Red Chin Inc. is getting ready to end their December 31, 2023 year. They have 3 employees who are entitled to a salary of $2,000 twice a month (i.e. 1/15th of the month). Amounts owed for the period from December 15-December 31 will be paid on January 1, 2024. Assume that employees are subject to a 15% income tax withholding rate and must pay CPP and EI of 5% and 2% of their gross pay respectively. Prepare the employee

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