Question: 20% INTHE FINAL Problem: 2 10 marks Draper Company has the following data for the weekly payroll ending March 31: Employee Hours Worked Hourly Rate
20% INTHE FINAL Problem: 2 10 marks Draper Company has the following data for the weekly payroll ending March 31: Employee Hours Worked Hourly Rate Health Insurance Peter 48 $25 10.00 Queen 40 15.00 Rani 25 5.00 25 13 15 13 Solman 45 15.00 Trent 10 5.00 Calculate the following and write the payroll reporting journal entries. 1. Gross pay of each worker 2. CPP deduction 3. El deduction 1. Provincial income tax 5. Federal income tac 3. Total income tax 7. Total deduction 3. CPP benefit expense to employer 9. El benefit expense to employer 10. Total payroll liability payable by the employer 20% INTHE FINAL Problem: 2 10 marks Draper Company has the following data for the weekly payroll ending March 31: Employee Hours Worked Hourly Rate Health Insurance Peter 48 $25 10.00 Queen 40 15.00 Rani 25 5.00 25 13 15 13 Solman 45 15.00 Trent 10 5.00 Calculate the following and write the payroll reporting journal entries. 1. Gross pay of each worker 2. CPP deduction 3. El deduction 1. Provincial income tax 5. Federal income tac 3. Total income tax 7. Total deduction 3. CPP benefit expense to employer 9. El benefit expense to employer 10. Total payroll liability payable by the employer
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