An employee earns $22 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 50 hours during the week. Assume further that the CPP contribution was $56.56, the EI contribution was $22.14, and income taxes were $150.00 provincial and $270.00 federal.
a. Determine the gross pay for the week.
b. Determine the net pay for the week.
c. Record the journal entries for the payroll and the employer's payroll deductions.