Christine Ballantyne, the accountant for Smurk Co. of Shelburne, has gathered the following data for the September
Question:
Christine Ballantyne, the accountant for Smurk Co. of Shelburne, has gathered the following data for the September 23 weekly payroll.
Assumptions
1. Income taxes are calculated at 20%, CPP at 4.95%, and EI at 1.88%.
Required
a. Prepare a payroll register for September 23.
b. Journalize and post the payroll entry
Transcribed Image Text:
Cummulative CPP Before This Pay Employee Factory $940.00 Salary Chq # Office A. Yeoman $940.00 47 $1,059.80 R. Bauman 975.00 48 2,505.40 1,722.80 $975.00 M. Good 1,149.00 49 1,149.00 D. Shantz 1,410.00 50 2,540.01 1,410.00
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a Employees have reached their maximum contribution in this pay b Employee A Yeoman R Bauman M Good ...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0134166698
13th Canadian edition
Authors: Jeffrey Slater, Debra Good
Question Posted:
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