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 follow: 

Instructions 

a. Prepare a payroll register for the weekly payroll. 

b. Record the payroll on February 17 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 remittances to the Receiver General on March 15. 

e. Describe a control that should be included as part of the payroll functions preparing the payroll and paying the payroll. 

Does the owner of a proprietorship have to deduct CPP, EI, and income taxes from his or her own drawings?

Transcribed Image Text:

Employee P. Kilchyk B. Quon C. Pospisil B. Verwey Total Hours 40 42 40 44 Hourly Rate $15.25 15.00 16.25 18 CPP $29.58 31.48 31.76 41.46 EI $9.64 10.19 10.27 13.08 Income Tax $66.20 68.50 68.50 95.35 United Way $5.00 7.25 5.50 8.25