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.

1. 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