The bookkeeper for Pinto Co. of Peterborough gathered the following data from employee earnings records as...

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The bookkeeper for Pinto Co. of Peterborough gathered the following data from employee earnings records as well as daily time cards. Your task is (a) to complete a payroll register on November 5 and (b) to journalize the appropriate entry to record the payroll. Income tax is calculated at 20%, CPP at 4.95%, and El at 1.88%. Remember to take into consideration the $3,500 deduction for CPP and consider maximum amounts. Daily Time Code M T WTFRate 9 10 8 Cum. CPP Before This Payrall Claim Hourly Dept. Employee Mary Cardinal Bill Smith $2,049.53 1,380.00 2,525.30 6. 9 10 2 8 $22 Sales 9 10 7 8 9 7 8 10 8 4. 14 Office 25 Sales Voe Kingle* Anita Tsui Both of these employees reached the El maximum last period. 3 8. 10 12 9. 12 Office 942.54 ea Assumptions 1. Each employee contributes $12 per week for health insurance. 2. Overtime is paid at a rate of time-and-a-half over 40 hours per week or over 8 hours in any day. The bookkeeper for Pinto Co. of Peterborough gathered the following data from employee earnings records as well as daily time cards. Your task is (a) to complete a payroll register on November 5 and (b) to journalize the appropriate entry to record the payroll. Income tax is calculated at 20%, CPP at 4.95%, and El at 1.88%. Remember to take into consideration the $3,500 deduction for CPP and consider maximum amounts. Daily Time Code M T WTFRate 9 10 8 Cum. CPP Before This Payrall Claim Hourly Dept. Employee Mary Cardinal Bill Smith $2,049.53 1,380.00 2,525.30 6. 9 10 2 8 $22 Sales 9 10 7 8 9 7 8 10 8 4. 14 Office 25 Sales Voe Kingle* Anita Tsui Both of these employees reached the El maximum last period. 3 8. 10 12 9. 12 Office 942.54 ea Assumptions 1. Each employee contributes $12 per week for health insurance. 2. Overtime is paid at a rate of time-and-a-half over 40 hours per week or over 8 hours in any day.

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Payroll Daily Wage Employee Claim Code M T w T F Total hours Normal hours OT hours Hourly rate ... View the full answer