Question: answer pls Question 5 (20 points) The following information as to earnings and deductions for the two-wook pay period ended January 29, was taken from

 answer pls Question 5 (20 points) The following information as to

answer pls

Question 5 (20 points) The following information as to earnings and deductions for the two-wook pay period ended January 29, was taken from Vision Consulting Inc.'s payroll records, a) Fill in the table below assuming that, El is calculated at 1.88%, income tax at 20%, and CPP at 4.95% of annual earnings greater than $3,500 and less than $50,100. Please make sure your final answer(s) are accurate to 2 decimal places. Employee Gross pay Income taxes Medical Insurance CPP El premium Total deductions Not pay Shawna Cameron 750 150 18 Susan Montgomery 500 100 12 Kimberly Fisher 950 190 22.80 Total 2,200 440 52.80 b) Prepare a journal entry to record the payroll assuming all employees work in the office. Entor an appropriate description, and enter the date in the format dd/mmm (1 o., 15/Jan). General Journal Pago GJ1 Date Account/Explanation F Dobit Crodit Question 6 (10 points)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!