Assume that payroll records of GG Shoes provided the following salary information for the weekly pay period
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Question:
Assume that payroll records of GG Shoes provided the following salary information for the weekly pay period ended December :
A B C D E F G H
EMPLOYEE HOURS WORKED HOURS WEEKLY EARINGS INCOME TAX CANADA PENSION PLAN EMPLOYEEMENT INSURANCE UNITED WAY YEAR TO DATE EARNINGS AT END OF PREVIOUS WEEK
LOIC POPOVICH $ $ $ $ $ $ $
JASMINE REEF $ $ $ $ $ $ $
YASSINE TAOUFIK $ $ $ $ $ $ $
JESSY NGUYEN $ $ $ $ $ $ $
Loic Popovich and Jessy Nguyen work in the office, and Jasmine Reef and Yassine Taoufik are sales staff. All employees are paid time and a half for hours worked in excess of hours per week. Show computations. Explanations are not required for journal entries.
Required
Enter the appropriate information in a payroll register similar to Exhibit
Record the payroll information in the general journal, crediting net pay to Cash.
The employers payroll costs are calculated by matching each employees CPP contribution and paying times the employees EI premium. Record the employers payroll costs in the general journal.
Why is no CPP or EI deducted for Taoufik?
What would be the vacation pay liability for GG Shoes for this period?
Related Book For
Operations Management Creating Value Along the Supply Chain
ISBN: 978-0470525906
7th Edition
Authors: Roberta S. Russell, Bernard W. Taylor
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