Scoot Scooters has four employees who are paid on an hourly basis, plus time and a half

Question:

Scoot Scooters has four employees who are paid on an hourly basis, plus time and a half for hours in excess of 40 hours a week. Payroll data for the week ended February 17, 2012, follow:

Scoot Scooters has four employees who are paid on an

Instructions
(a) Prepare a payroll register for the weekly payroll.
(b) Record the payroll on February 15 and the accrual of employee benefits expense. Assume the company accrues 4% for vacation pay.
(c) Record the payment of the payroll on February 17.
(d) Record the payment of the employee benefits on March 15.
TAKING IT FURTHER
Does the owner of a proprietorship have to deduct CPP, EI, and income taxes from his or her own drawings?

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Related Book For  book-img-for-question

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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