Ahmad Company has the following data for the weekly payroll ending May 31: Employees are paid 1.5

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Ahmad Company has the following data for the weekly payroll ending May 31:
Ahmad Company has the following data for the weekly payroll

Employees are paid 1.5 times the regular hourly rate for all hours worked over 40 hours per week. Ahmad Company must make payments to the workers' compensation plan equal to 2% of the gross payroll. In addition, Ahmad matches the employees' health insurance contributions and accrues vacation pay at a rate of 4%.
Instructions
(a) Prepare the payroll register for the weekly payroll. Calculate each employee's EI deduction at a rate of 1.83% of gross pay.
(b) Record the payroll and Ahmad Company's employee benefits.

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Accounting Principles Part 2

ISBN: 978-1118306796

6th Canadian edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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