Kate Gough?s regular hourly wage rate is $22.05, and she receives a wage of 1.5 times the
Question:
Kate Gough?s regular hourly wage rate is $22.05, and she receives a wage of 1.5 times the regular hourly rate for work over 40 hours per week. For the weekly pay period ended June 15, 2018, Kate worked 44 hours. Kate lives in Ontario and has a claim code of 1 for tax deductions.
Instructions
a. Calculate Kate?s gross pay, payroll deductions, and net pay. Use Illustration 10A.5 to determine her income tax deductions.
b. Record Kate?s salary on June 15, assuming it was also paid on this date.
c. Record the employer?s related payroll costs on June 15, assuming they were not paid on this date.
Illustration 10A.5
Canada Pension Plan Contributions Weekly (52 pay periods a year) Pay From Pay Pay From Pay To CPP From To CPP To CPP From To CPP o08.11 g08.31 46.08 1012.66 1012.86 46.80 1027 20 1027.40 47.52 1565.08 1575.07 74.30 g00.32 g08.51 46.00 1012.06 1013.05 46.81 1027 41 1027.60 47.53 1575.08 1505.07 74.0 o08.52 908.71 46.10 1013.06 1013.25 46.82 1027.61 1027.80 47.54 1585.08 1505.07 75.38 08.72 908.01 46.11 1013.26 101346 46.83 1027.81 1028.00 47.55 1505.08 1605.07 75.87 06.02 900.11 46.12 1013.47 1013.66 46.84 1028.01 1028.20 47.56 1605.08 1615.07 76.37 000.12 900.32 46.13 1013.67 1013 86 46.86 1028.21 1028.41 47.57 1615.08 1625.07 76.86 000.33 000.52 46.14 1013.87 1014.06 46.00 1028.42 1028.61 47.50 1625.08 1635.07 77.36 000.53 909.72 46.15 1014.07 1014.26 46.87 1028.62 1028.81 47.50 1635.08 1645.07 77.85 000.73 000.02 46.16 1014.27 1014.47 1028.0 1020.01 47.60 1645.08 1655.07 78.35 000.03 1000.12 46.17 1014.48 1014.67 46.80 1020 c0 1029.21 47.61 1655.08 1665.07 78.84 1000.13 1000.33 46.18 1014.68 1014.87 46.00 1020.22 1029.42 47.62 1665.08 1675.07 70.34 1000.34 1000.53 46.19 1014.80 1015.07 46.01 1029.43 1029.62 1675.08 1685.07 70.83 1000.54 1000.73 46.20 1015.08 101527 46.02 1020.63 1029 0 47.64 1685.08 1605.07 80.33 1000.74 1000.03 46.21 1015.28 1015.48 46.00 1029.83 1030.02 47.65 1605.08 1705.07 80.82 1000.94 1001.13 46.22 1015.49 1015.68 46.94 1030.03 1030.22 47.66 1705.08 1715.07 81.32 1001.14 1001.34 46.23 1015.69 1015.00 46.06 1030.23 1030.43 47.67 1715.08 1725.07 81.81 1001.36 1001.54 46.24 1015.80 1016.08 46.06 1030.44 1030.63 47.68 1725.08 1735.07 82.31 1001.55 1001.74 46.25 1016.00 1016 28 46.97 1030.64 1030 0 47.60 1735.08 1745.07 82.80 1745.08 1755.07 83.30 Employment Insurance Premiums Insurablo Earmings El Insurable Eamings Irsurablo Eamings El Insurabla Eamings El From To promium From To promium From To promium From To promium 967.78 011.74 012.34 912.05 013.55 868.37 14.41 911.15 15.13 954.52 955.12 15.85 D07.00 D08.49 16.57 868.38 868.07 14.42 011.75 15.14 O55.13 955.72 15.86 D08.50 D00.00 16.58 868.98 B60.57 14.43 912.35 15.15 955.73 056.32 15.87 000.10 900.60 16.50 B60.58 870.18 14.44 912.06 15.16 956.33 956.92 15.88 900.70 1000.30 16.60 870.19 870.78 14.45 013.56 014.15 15.17 956.03 957.53 15.80 1000.31 1000.00 16.61 14.46 914.16 914.76 957.54 958.14 870.79 871.38 014.75 15.18 958.13 15.90 1000.01 1001.50 16.62 87139 871.08 14.47 015.36 15.19 958.73 15.91 1001.51 1002.10 16.63 871.99 872.50 14.48 015.37 015.06 15.20 958.74 950.33 15.02 1002.11 1002.71 16.64 872.60 873.19 14.40 915.97 016.56 15.21 950.34 950.93 15.03 1002 72 1003.31 16.65 87320 873.70 14.50 016.57 017.16 15.22 950.94 960.54 15.94 1000.32 1003.91 16.66 873.80 874.30 14.51 017.17 017.77 15.23 960.55 961.14 15.95 1003.00 1004.51 16.67 874.40 874.00 14.52 017.78 018.37 15.24 961.15 961.74 15.96 1004.52 1005.12 16.68 875.00 875.60 14.53 018.38 018.07 15.25 961.75 D62.34 15.97 1005.13 1005.72 16.00 875.61 876.20 14.54 018.08 019.57 15.26 960.36 962.95 15.08 1005.73 1006.32 16.70 87621 876.80 14.55 919.58 920.18 15.27 D62.06 963.55 15.00 1006.33 1006.02 16.71 876.81 877.40 14.56 920.19 920.78 15.28 063.56 064.15 16.00 1006.03 1007.53 16.72 87741 878.01 14.57 920.79 921.38 15.29 064.16 064.75 16.01 1007.54 1008.13 16.73 878.02 878.61 14.58 921.30 921.00 15.30 964.76 965.36 16.02 1008.14 1008.73 16.74 870.21 14.50 021.00 922.50 15.31 D66.37 965.06 16.03 1008.74 1000.33 16.75 87022 923.19 923.70 924.30 924.00 966.6 067.16 870.81 14.60 922.60 15.32 D66.07 16.04 1009.34 1009.93 16.76 14.61 923.20 D6.67 1000.94 1010.55 870.82 B80.42 15.33 16.05 1010.54 16.77 B80.43 B81.02 14.62 923.80 15.34 067.17 967.77 16.06 1011.14 16.78 B81.03 881.2 14.63 924.40 15.36 067.78 968.37 16.07 1011.15 1011.74 16.79 B82.22 ваз 881.63 14.64 925.00 925.60 15.36 068.38 968.97 16.08 1011.75 1012.34 16.80 B82.23 14.65 925.61 926.20 15.37 068.08 960.57 16.00 1012.35 1012.95 16.81 882.84 883.43 1466 926.21 926.80 15.30 D60.58 970.18 16.10 1012.96 1013.55 16.82 B83,44 884.00 14.67 926.81 927.40 15.30 970.19 970.78 16.11 1013.56 1014.15 16.83 B84.04 B84.63 14.68 927.41 928.01 15.40 970.70 971.38 16.12 1014.16 1014.75 16.84 884.64 B86.24 14.60 928.02 928.61 15.41 971.30 971.98 16.13 1014.76 1015.36 16.85 B85.25 885.84 14.70 928.62 929.21 15.42 971.00 972.60 16.14 1015.37 1015.96 16.86 972.60 073.20 B85.85 886.44 14.71 929.22 929.01 15.43 973.10 16.15 1015.97 1016.56 16.87 88645 887.04 14.72 929.82 930.42 15.44 973.79 16.16 1016.57 1017.16 16.88 887.05 887 06 14.73 930.43 931.02 15.45 973.80 974.30 16.17 1017.17 1017.77 16.80 B87.66 B88.25 14.74 931.03 931.62 15.46 974.40 975.00 16.18 1017.78 1018.37 16.90 B88.26 B88.85 14.75 931.63 932 22 15.47 975.01 075.60 16.19 1018.38 1018.07 16.01 975.61 976.21 976 20 976.80 16.20 1010 57 1020.18 1020.78 BB8.85 B80.45 14.76 932.23 932.83 15.48 1018 0e 16.00 BB0 46 800.06 14.77 932.84 933.43 15.40 16.21 1019.58 16.03 B00.07 B00.66 14.78 933.44 934.03 15.50 976.81 977.40 16.22 1020.19 16.94 B00.67 801.26 14.79 934.04 934.63 15.51 977.41 978.01 16.23 1020.79 1021.38 16.05
Step by Step Answer:
a Gross Pay 40hours 2205 4 hours 2205 15 88200 13230 101430 Deductions usingIllustra...View the full answer
Accounting Principles Volume 1
ISBN: 978-1119502425
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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