1.

• What journal entry should payroll record if the vacation amount is $8000, and based on the experience, you know that only 60% of employees will not use vacation until the next pay period?

• What entry would you record next pay period if all accrued vacation time from the previous period was used and an additional 60% was accrued?

2. Elodie is paid her commissions together with her bi-weekly salary of $1,000.00. During this pay period, her commissions are $4,300.00. Calculate her CPP contribution for this pay period @ 5.75% with the first $3500 being CPP exempt.

3. Your pay period is bi-weekly, ending every second Friday. Hassan started working for you on April 5, 2010, and his last day of work was September 17, 2010. He took all of July off on unpaid leave. Hasan's annual salary is $46,800

• What amounts will you see on Hassan's ROE on blocks 15A, 15B, and 15C?

P.P.	Insurable Earnings	P.P	Insurable Earnings	P.P.
1		2		3
4		5		6
7		8		9
10		11		12
13		14		15
16		17		18
19		20		21
22		23		24
25		26		27