An employer has calculated the following amounts for an employee during the last week of June...

 

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An employer has calculated the following amounts for an employee during the last week of June 2021. Gross Wages $1,800.00 Income Taxes $414.00 Canada Pension Plan $94.00 Employment Insurance $28.00 Workers' Compensation $59.00 Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Required a) Calculate the employee's net pay. Net Pay=$ x b) Assuming the employer's contribution is 100% for CPP and 140% for El, what is the employer's total expense? Total Employer Expense = $ c) Prepare the journal entries to record payroll for the employee and record the employer's contribution. Assume the e was paid immediately. For transactions with more than one credit, enter the credit accounts in alphabetical order. An employer has calculated the following amounts for an employee during the last week of June 2021. Gross Wages $1,800.00 Income Taxes $414.00 Canada Pension Plan $94.00 Employment Insurance $28.00 Workers' Compensation $59.00 Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Required a) Calculate the employee's net pay. Net Pay=$ x b) Assuming the employer's contribution is 100% for CPP and 140% for El, what is the employer's total expense? Total Employer Expense = $ c) Prepare the journal entries to record payroll for the employee and record the employer's contribution. Assume the e was paid immediately. For transactions with more than one credit, enter the credit accounts in alphabetical order.

Answer rating: 100% (QA)

Answer a To calculate the employees net pay we can use the following formula NetPay ... View the full answer